Life Sciences

Department for Business, Energy and Industrial Strategy written question – answered on 17th November 2020.

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Photo of Catherine West Catherine West Shadow Minister (Foreign and Commonwealth Affairs)

To ask the Secretary of State for Business, Energy and Industrial Strategy, what recent steps his Department has taken to increase the level of human relevant life sciences in the UK.

Photo of Nadhim Zahawi Nadhim Zahawi Parliamentary Under-Secretary (Department for Business, Energy and Industrial Strategy)

Since 2017, the Government has invested approximately £1 billion through two Life Sciences Sector Deals, helping to generate significant levels of industry investment in the UK.

At Budget this year, my Rt. Hon. Friend Mr Chancellor of the Exchequer announced the Life Sciences Investment Programme (LSIP), a new dedicated investment programme of up to £600 million of joint Government and industry investment. The LSIP aims to unlock the potential of the UK’s best health and life science innovations, allowing companies to grow in the UK.

This reflects the Government’s manifesto commitment to make the UK the leading global hub for life sciences.

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