What the 2024 spring budget means for NHS procurement

Discover how the 2024 Spring Budget is reshaping NHS procurement and its supplier ecosystem. With significant investments in modernisation and efficiency, the budget presents a pivotal opportunity for suppliers. Explore the impact on NHS procurement processes, the drive for productivity enhancement, and the promising prospects for innovative tech solutions. While opportunities abound, suppliers must navigate challenges and align with NHS priorities to contribute to the transformation of healthcare delivery in the UK. Learn how Oxwash pioneer sustainable solutions in commercial laundry management, setting new standards for efficiency and environmental responsibility.

Freya Gutteridge

Business & Insights


The 2024 Spring Budget, unveiled by the Chancellor of the Exchequer, outlines critical changes that will directly impact NHS procurement processes. While there's a notable emphasis on boosting productivity across various sectors, the NHS stands out with substantial investments aimed at modernisation and efficiency. 

Here's a detailed analysis of what the 2024 Spring Budget means for NHS procurement and its supplier ecosystem.

NHS procurement

The Spring Budget brings promising news for NHS procurement, with a significant allocation of resources aimed at enhancing the efficiency and effectiveness of procurement processes. A substantial £2.5 billion has been earmarked for day-to-day operations, ensuring smooth functioning and continuity of essential healthcare services.

Modernisation initiatives

A substantial portion of the budget, totalling £3.4 billion, has been allocated for modernising IT systems within the NHS. This investment is pivotal in driving digital transformation and streamlining procurement processes through automation and digitisation. 

Suppliers offering innovative IT solutions tailored to NHS requirements are poised to benefit significantly from this modernisation drive.

Productivity enhancement

The government's focus on improving productivity within the NHS is evident in the budget allocation of £3.4 billion for capital funding. This investment aims to unlock productivity gains through the adoption of advanced technologies and process optimisation. 

Suppliers offering solutions geared towards enhancing productivity and efficiency will find ample opportunities within the NHS procurement landscape.

Opportunities for suppliers

The 2024 Spring Budget presents a unique opportunity for suppliers to collaborate with the NHS in driving innovation and transformation. By aligning their offerings with the NHS's modernisation goals and focusing on delivering tangible productivity benefits, suppliers can position themselves as key partners in the healthcare sector's evolution.

Navigating procurement challenges

While the budget brings optimism for NHS procurement, suppliers must be mindful of potential challenges. Increased scrutiny on value for money and a competitive procurement environment necessitate strategic positioning and a deep understanding of NHS requirements. 

Suppliers must demonstrate their ability to deliver value-added solutions that address the NHS's evolving needs.

Can we transform the NHS?

The 2024 Spring Budget marks a significant milestone for NHS procurement, with substantial investments aimed at driving modernisation and productivity enhancement. Suppliers play a pivotal role in this transformation journey, offering innovative solutions and expertise to support the NHS's procurement objectives. 

By seizing opportunities, navigating challenges, and aligning with the NHS's strategic priorities, suppliers can forge strong partnerships and contribute to the advancement of healthcare delivery in the UK.

At Oxwash we’re combatting the archaically inefficient and polluting commercial laundry industry by offering a solution, powered by scientific and technological innovation. 

Our proprietary RFID technology tracks items efficiently, ensuring they remain in circulation, while our digital laundry management platform offers enhanced stock visibility. As pioneers in sustainable laundry solutions, we're proud to be B Corp and EN 14065 accredited, setting the standard for healthcare providers and beyond. 

We’re shaping the future of laundry management with innovation and environmental responsibility – see how we’re changing things.

Looking to manage your procurement budgets more effectively?

Discover our innovative solutions for managing healthcare laundry.
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