Department of Health and Social Care written question – answered at on 5 February 2024.
Jonathan Gullis
Conservative, Stoke-on-Trent North
To ask the Secretary of State for Health and Social Care, if she will make an assessment of the potential merits of introducing financial incentives for businesses to manufacture medicines in the UK.
Andrew Stephenson
Assistant Whip, Minister of State (Department of Health and Social Care)
In 2021, the Government’s Life Sciences Vision set out our ambition to create a globally competitive environment for Life Sciences manufacturing investments. To help meet these ambitions, the Government has launched three capital grant schemes, with up to £118 million of grant funding allocated. To date, these schemes have delivered £416 million of public and private investment and helped create or secure over 1,400 jobs. We anticipate announcing the next round of grant recipients over spring 2024.
In 2023, the Government announced a further £520 million of funding for Life Sciences manufacturing. This funding, available from 2025 over five years, will help to ensure that the United Kingdom remains a world leading location for Life Sciences manufacturing investments.
Yes3 people think so
No2 people think not
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Secretary of State was originally the title given to the two officials who conducted the Royal Correspondence under Elizabeth I. Now it is the title held by some of the more important Government Ministers, for example the Secretary of State for Foreign Affairs.
