Healthcare tycoon Hester swells Tory election warchest with £5m donation
A healthcare entrepreneur who ranks amongst Britain’s richest folks and whose firm has had shut ties to the federal government has handed a £5m donation to the Conservative Party – one of many greatest in its current historical past.
Sky News has learnt that Frank Hester, founder and chief govt of The Phoenix Partnership (TPP), has given the Tories a seven-figure sum that can present the celebration with a big enhance to its normal election war-chest.
The sum is more likely to be disclosed within the newest quarterly information on political donations, which is predicted to be revealed by the Electoral Commission later this week.
Based in Leeds, TPP describes itself as “a leading global provider of healthcare technology”.
It says it offers “vital clinical IT services in…more than 2,600 GP practices”.
During the pandemic, it was reported to have gained a six-figure contract to produce information on vaccine uptake ranges.
Mr Hester, who was awarded an OBE in 2015 for companies to healthcare, has accompanied ministers on a number of abroad commerce missions.
In 2013, he travelled to India with David Cameron, the then prime minister, as a part of what was Britain’s biggest-ever commerce delegation.
“This trip is worth a lot of money to us – it’s invaluable,” Mr Hester reportedly instructed the Financial Times throughout the journey.
“Being with the PM and UK Trade and Investment means we [see] the right people.”
The following yr, Jeremy Hunt, the then well being secretary, visited TPP’s headquarters, saying: “Technology is the key to 21st century personalised healthcare, so it is great to see companies like TPP leading the way with new software that will put [care home] residents in control of their health”.
This yr’s Sunday Times Rich List estimated Mr Hester’s wealth at £415m, rating him in joint 321st place.
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Mr Hester’s donation is predicted to be amongst a sequence of massive funds disclosed within the newest Electoral Commission information.
In June, it emerged that the Egyptian-born billionaire Mohamed Mansour had handed the Tories £5m, which was reportedly the celebration’s greatest single donation since 2001.
The hedge fund founder Alan Howard gave £1m to the Tories earlier this yr, Sky News revealed earlier this year.
The celebration’s monetary fortunes needed to a level fallen hostage to the splintering of Brexit sentiment within the parliamentary celebration and amongst its donors.
Boris Johnson was perceived as a pacesetter with monumental monetary pulling energy, with rich donors beneath his management together with the likes of Lord Bamford, the JCB tycoon, and Lord Cruddas, the CMC Markets founder.
However, each friends have misplaced their enthusiasm for funding the celebration since Mr Johnson’s departure, leaving its treasurers to hunt options to fill the funding hole.
It emerged earlier this yr that Labour had additionally landed a brand new multimillion pound donation, from Gary Lubner, a former boss of Autoglass.
He instructed the FT that he needed Sir Keir Starmer to guide a Labour Party into authorities and stay there for “a long time”.
The newspaper stated he was anticipated to provide round £5m to assist fund its election marketing campaign.
A Conservative Party spokesman declined to remark, whereas TPP didn’t reply to a sequence of emailed enquiries.