NHS foundation trusts to link up with leading companies

Published on: 6th June 2006

The boards of NHS foundation trusts are to benefit from access to advice from some of Britain’s leading companies.

A programme to bring together NHS foundation trusts and leading businesses was launched today at a seminar at Number Ten Downing Street hosted by Tony Blair.

Today’s seminar was attended by the chairs and chief executives of a number of NHS foundation trusts (including the Royal Marsden, Sheffield, Liverpool Women’s and Derby) and leading businesses (including Cable and Wireless, Cadbury Schweppes, Lloyds TSB and Smiths Group).

The programme has been initiated by Monitor, the regulator of NHS foundation trusts, and the Foundation Trust Network.

Overview of the programme

NHS foundation trusts are autonomous organisations. They remain part of the NHS but are not subject to direction by the Secretary of State for Health.  There are now 40 NHS foundation trusts.

The programme aims to foster mutually beneficial relationships between the most developed NHS foundation trusts and leading companies,

The companies see interesting development opportunities for their high flyers in working with foundation trusts at senior levels. For foundation trusts there is a range of opportunities to learn from the best practice in the private sector in governance, strategic decision making and in technical specialisms which remain under-developed in the public sector. So far twelve companies in the FTSE 100 have signed up to get involved in the project and more are being contacted.

William Moyes, Executive Chairman, Monitor, said:

"The Boards of NHS foundation trusts have responded well to the new challenges they face. This programme gives them an opportunity to develop their skills further, learning from the best in the private sector. We have been delighted with the initial interest taken in the programme by a number of leading companies."

Sue Slipman, Director of the Foundation Trust Network, the membership organisation for foundation trusts, said:

"The FT/FTSE link project is a unique and exciting collaboration between some of the highest performing organisations in both the private and public sectors. It will give foundation trusts an opportunity to benefit from best practice in corporate governance, whilst giving FTSE companies an insight into the challenges of delivering first-class patient care in a complex and rapidly changing health economy."

For further information on Monitor and the Foundation Trust Network:

http://www.monitor-nhsft.gov.uk/

http://www.foundationtrustnetwork.org/

For media enquiries:

Monitor: Stephen Humphreys (020 7340 2440) or Michael Moruzzi (020 7340 2438)

Foundation Trust Network: Joanna Clason, Media Relations Manager (020 7074 3306 / 07798 571078)