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I am sorry to hear about your situation.
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Your friend has a potential cause of action against the person that caused the collision and the injury suffered.
Therefore if the police finds the person a case against the person should be considered. However whether to bring the case is another question because the person may not even have the means to pay for your friends losses therefore the financial position of the person should be checked out before considering such action. This can be done by instructing solicitors to consider the claim as they have means on finding out about an individual's finances.
Do you under stand what i have stated?
Yes a claim can still be made where the court can force the person to make monthly payments until the loss is satisfied.
However the court can not force him to get a loan because that may put the person in more debt.
I hope i have clarified the position.
Unfortunately there is little that can be done if the person is never found.
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Thanks and stay safe