Life Sciences: Government Assistance

Treasury written question – answered on 7 September 2023.

Alert me about debates like this

Photo of Kieran Mullan Kieran Mullan Conservative, Crewe and Nantwich

To ask the Chancellor of the Exchequer, what fiscal steps he is taking to support the growth of the life sciences sector.

Photo of Gareth Davies Gareth Davies The Exchequer Secretary

Life sciences is one of the government’s priority growth sectors. In May, the Chancellor announced a bold new policy package backed by over £650m funding, reaffirming the government’s commitment to supporting a thriving life sciences industry.

This follows a number of initiatives announced at Spring Budget that will support the sector, including £10m extra funding for our medicines regulator the MHRA, full expensing of capital expenditure and reforms to R&D tax credits.

Does this answer the above question?

Yes0 people think so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.