Health: Research
(asked on 12th December 2024) - View Source
Question to the Department for Science, Innovation & Technology:
To ask the Secretary of State for Science, Innovation and Technology, with reference to his Department's press release of 12 December 2024 entitled £100 million public-private health research boost from which budget is the public sector funding coming; and what proportion is public investment.
Answered by
Feryal Clark
Parliamentary Under Secretary of State (Department for Science, Innovation and Technology)
The Voluntary Scheme for Branded Medicines Pricing, Access, and Growth (VPAG) Investment Programme is enabled by circa £400m of funding from scheme members over 5 years.
Approximately 75% of total Investment Programme funding will boost commercial clinical trials across the UK, including through the new Commercial Research Delivery Centres (CRDCs).
The CRCDs are a public-private investment which include funding from the VPAG Investment Programme and £71m additional funding in England from the National Institute for Health and Care Research (NIHR).