Mark Smith, Chief Financial Officer (CFO) at NHS Property Services, explains how the company has been able to make valuable savings that are reinvested into the NHS.
NHS Property Services (NHSPS) owns approximately 12% of the NHS estate. Our portfolio is one of the largest in the UK, comprising approximately 3,000 properties with circa 7,000 tenants across England. We manage, maintain, and improve properties ranging from listed buildings through to state-of-theart integrated health campuses. We put customers at the heart, and work closely with our partners to create safe, efficient, sustainable, and modern healthcare environments, so that every patient can get the care they need in the best place for them.
The strain of the COVID-19 pandemic has been felt by all parts of the UK healthcare system. The Department of Health and Social Care (DHSC) spent £33.8 bn on COVID-19 related costs in 2021/2022, representing nearly 20% of the total spending for that period. The post-pandemic recovery plan also promises additional funding to address built-up backlogs and tackle long waits for care. On top of the COVID-19 recovery, there are wider pressures on the NHS to meet the waiting list priorities outlined in the NHS Long Term Plan.
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