My Lords, the Government recognise the valuable role that medicines manufacturing plays in the UK economy. This enables us to capitalise on our world-class research and development, creates jobs, and contributes significantly to growth. Life sciences pharmaceutical manufacturing was responsible for more than £20 billion of exports in 2021. Our Life Sciences Vision set out the Government’s ambition to create a globally competitive environment for manufacturing investment. Last March, we launched the £60 million life sciences innovative manufacturing fund to encourage manufacturing investment in the UK and will announce the fund’s winners later this year.