Evelina London Children’s Hospital will receive a £2m windfall funded from banking fines after it was announced in the Chancellor of the Exchequer Phillip Hammond’s Autumn Statement.
The investment will provide funding toward both a new Fetal Cardiology Unit to diagnose heart problems in babies before they are born and Long Term Ventilation, Sleep and Neuro-rehabilitation facilities to provide care for children with complex, life-limiting conditions.
Marian Ridley, Director of Evelina London, said: “We are delighted to have received this funding from the Treasury.
“The Long Term Ventilation, Sleep and Neuro-rehabilitation facilities will provide high quality care to families in a ‘home from home’ setting.
“Our new Fetal Cardiology Unit will help us provide specialist fetal scans to 2,200 mothers a year with high risk pregnancies.”
The £2m announced means more than £7.5m has been raised toward a fundraising target of £10m, to help expand the hospital’s clinical facilities.
The news comes after the government also announced Guy’s and St Thomas’ Hospital and South London and Maudsley were awarded £11m in funding for clinical research facilities.
The funding from the National Institute for Health Research (NIHR) – which supports a network of Clinical Research Facilities (CRFs) across the UK – was awarded following a competitive bidding process.
Guy’s and St Thomas’ will receive £7m and South London and Maudsley £4m.