Life Sciences: Finance

(asked on 16th December 2021) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, how much funding the Government will invest in skills in biosciences in the financial year 2022-23.


Answered by
George Freeman Portrait
George Freeman
This question was answered on 6th January 2022

Following the Spending Review, BEIS will set R&D budgets through to 2024/25. Further details of how this funding will be allocated will be announced in due course.

The Biotechnology and Biological Sciences Research Council, part of UK Research and Innovation (UKRI), funds a variety of doctoral training opportunities in partnership with others, details of these can be viewed on the UKRI website here: Studentships – UKRI.

The Department for Education have also asked the Office for Students to reform the Strategic Priorities Grant for 2021-22. These reforms included the reallocation of high-cost subject funding towards the provision of high-cost subjects that support the NHS and wider healthcare policy; science, engineering and technology subjects; and specific labour market needs. As a result, the total funding for high-cost subjects, such as medicine, engineering and other high-cost subjects, is 12% (£81m) higher in 21/22 compared to 20/21.

Reticulating Splines