To ask His Majesty's Government what consideration they have given to establishing a sovereign wealth fund, funded by surpluses generated from the commercial value of the use of NHS data sets, calculated at £5 billion per annum.
Answered on
24 May 2024
The Government recognises the potential value that NHS data sets can generate and is committed to ensuring that the NHS realises a fair share of any value arising from data partnerships. To this end, the NHS's Value Sharing Framework outlines guiding principles to support this objective.
However, the Government has no plans to create a sovereign wealth fund predicated on the sale of access to NHS data. Rather, we continue to carefully explore the most effective ways to derive value from the use of health data for research purposes. This exploration is conducted with a focus on ensuring fair value for the NHS and upholding public trust.