New partnership aids life science SMEs

New partnership aids life science SMEs

Business Growth Hub and TRUSTECH are to help Greater Manchester SMEs access healthcare markets, including the NHS.

With experience in managing and developing innovations in the healthcare sector, TRUSTECH connects the NHS with the commercial, academic and international healthcare sectors. They will work alongside Business Growth Hub as part of the life sciences offer.

Businesses will be helped to develop new life science products or services and break into domestic and international healthcare markets. Dedicated advisors Lindsay Hallworth and Colin Callow will provide guidance on technical business plans for investment leverage to the interpretation of NHS guidance on clinical requirements and supply chains.

This partnership has been established to take advantage of the opportunities provided as Greater Manchester gains control of spending its £6bn health and social care budget as part of devolution.

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Lindsay Hallworth, healthcare business advisor at Business Growth Hub, said: “Not only are we looking to work with businesses that are already established in the healthcare sector, but we want to work with those that are looking to diversify into this exciting market.

“We will work with a range of SMEs to identify opportunities in this area – from medical developments to digital healthcare apps – while also providing the tools to overcome any barriers to growth.”

Richard Jeffery, director at Business Growth Hub, which is part of Manchester Growth Company, added: “The healthcare market is firmly placed at the heart of the Greater Manchester agenda as the region seeks to secure its position as a world leader in life science innovation.

“With devolution taking effect, the opportunity for Greater Manchester businesses in this growing industry is greater than ever before.

“Our partnership with TRUSTECH reflects our commitment to providing a tailored, robust service to a key priority growth sector. We will work in collaboration to give SMEs the vital support they need to access established and developing health markets, helping them grow, generate new jobs and attract new investment.”