Newcastle hospitals have been generating commercial income for the past 20 years through expertise and partnerships in areas including pharmacy production, surgical training and by providing healthcare services into the private and international markets.
Commercial strategy 2024-2027
Our commercial enterprise team is working with colleagues and partners to expand our activities and deliver our first commercial strategy, with a focus on a portfolio including: health and life sciences, education and training, pharmaceutical production, international and private healthcare, and data partnerships.
We have have a rich history of research and innovation, working with partners from across healthcare, academia and industry, and our innovation team works with individuals and teams to look at how to improve the services and care we provide to patients.
We take an entrepreneurial and commercial approach to nurture and grow opportunities to generate income for our organisation, building on strong foundations of excellent care, effective joint working and strategic partnerships across health, academia and industry.
Money generated from commercial activity is reinvested into NHS services and patient care at Newcastle Hospitals.
The infographic below shows the high level aims of our commercial strategy.
Why partner with us?
Our partnerships are key to delivering shared goals and providing resource and investment opportunities. A core part of our work is developing and strengthening collaborations across health and life sciences, as well as academia and industry.
As part of the Great North Care Alliance, we work closely with Gateshead, North Cumbria and Northumbria NHS Foundation Trusts to provide high quality services for patients and, where appropriate, economies of scale.
- We have world-class facilities and a wealth of clinical and operational expertise, covering a wide range of specialist services
- Our hospitals are involved in a significant programme of research, evaluation and collaboration with industry – regionally, nationally and internationally.
- The north east also has a well-established life science sector – around 200 companies contributing upwards of £1.1 billion – which actively collaborates with the NHS and universities.
With a longstanding focus on quality and innovation, we support pioneering clinical practice and as a leader in healthcare research and development, we have strong working relationships with partners including:
- Health Innovation North East and North Cumbria
- National Institute for Health Research (NIHR) including the NIHR Innovation Observatory
- Northern Health Science Alliance
- Newcastle Health Innovation Partners (the region’s Academic Health Science Centre)
- NIHR Newcastle HealthTech Research Centre
- Diagnostics North East (DxNE)
- The world-leading Campus for Ageing and Vitality, the National Innovation Centre for Ageing and the National Innovation Centre for Data.
- Newcastle University
- Northumbria University
- Durham University
- Invest Newcastle
To find out how we could work together, get in touch below.
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