From Policy to Practice: Discussing the Spring Budget 2023's Impact on Healthcare Engineering and Technology
The Spring Budget Statement 2023 brings forth several implications for the healthcare sector, creating potential opportunities for engineers and technology specialists. Let's examine what these announcements signify for us and how they may shape the future of healthcare in the UK. Healthcare technology innovation : With the streamlined approval process for medicines and medical technologies, and an additional £10 million allocated for expediting cutting-edge medical technology approvals, innovation in healthcare technology is set to surge. Moreover, the enhanced R&D tax credit could incentivise healthcare technology and engineering companies to invest more in R&D, spawning new healthcare technologies, products, and services. Medical device regulation: The Spring Budget Statement 2023 directly…