An extra £48 million funding for the Isle of Wight NHS Trust is "good news", according to the local MP.
Bob Seeley was speaking following the announcement on the new funding by the Prime Minister
The funding is part of £850 million that will be distributed to 20 hospitals across England to pay for upgrades to outdated facilities.
St Mary's Hospital is the only in the South East to get any of this money, with the vast majority being concentrated in the Midlands and the North.
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."
The staff at the Isle of Wight NHS Trust work incredibly hard and already have a proud record of championing acute care - from investing in a new helipad for the trauma unit, to refurbishing the emergency department."
Local MP Bob Seeley thanked the trust's staff and said he was delighted the government is beginning to listen to the Island more.
He said the funding will be used by the trust to become a national leader in telemedicine, as well as integrated IT.
Opposition parties on the Island have welcomed the funding, but said it isn't enough.
With a large existing deficit, this sum doesn't begin to address the very serious funding shortfall which has seen the hospital placed in both financial special measures and care quality special measures over the last three years."
The announcement follows the release of the Isle of Wight NHS Trust annual report, showing a deficit of £22.9 million.
A spokesperson for the trust said their financial challenge "remains significant."