The Isle of Wight NHS trust is to receive a cash boost of £48 million.
The announcement has been made by Prime Minister Boris Johnson.
The trust will get a share of £1.8bn nationally.
Mr Johnson says some of the cash-injection will go to “frontline services” and another £850 million will go to “upgrading 20 hospitals”- of which St Mary’s Hospital in Newport on the Isle of Wight is one.
A spokesperson for Isle of Wight NHS Trust said:
“This is fantastic news for our local NHS, for the people we look after and the people that work so hard supporting our community.
“We welcome this much-needed investment and will be working with our partners on the Island and across the Solent to make sure that we get the maximum value for our patients.”
Isle of Wight MP Bob Seely, said:
“I am delighted at this investment. Thank you to the NHS’s leadership team on the Island.
“This is a major boost for the NHS on the Isle of Wight. I want to thank NHS staff on the Island for the brilliant work that they do.”
*Following the announcement, the Trust says it will work with its partners on the Island and the mainland to understand where this new money would have the greatest impact for the local community.
Maggie Oldham, Chief Executive at Isle of Wight NHS Trust, said:
“This much-needed investment will help us continue to improve the services that we provide to local people. It is fantastic news for our local NHS, for the people we look after and the people that work so hard supporting our community.
“By working together with our commissioners, the local council and the community and voluntary sectors we will use this boost to ensure our services are sustainable for future generations.
“I would like to thank our local MP, Bob Seeley, for all of his support and for working so hard to get the Isle of Wight the recognition it deserves.”
Michele Legg, Clinical Chair of Isle of Wight CCG, said:
“This announcement is welcome news and recognises the vital role that modern facilities and investment in technology will continue to play in the delivery of effective, high quality health care, particularly for us as an Island community.
“This additional investment will allow us to proceed with some of our plans more quickly which can only be of benefit for people on the Island.”
Anne Eden, South East regional director for NHS England and NHS Improvement said:
“Partners on the Isle of Wight have been working together for some time to ensure sustainable health and care services for residents. I am delighted they will be receiving this additional funding which provides a welcome boost to proposals for the future.”
The Trust, alongside Isle of Wight Council and clinical commissioners, will publish a plan to improve health and care services in September.
The Health and Care Plan will set out their priorities over the next three years as they work to make health and care on the Island sustainable.