Question to the Department for Science, Innovation & Technology:
To ask His Majesty's Government how much money has been distributed through the Life Sciences Innovation Manufacturing Fund grants in each of the last five years and of this amount how much was allocated to (1) small, (2) medium and (3) large businesses.
The Life Sciences Innovative Manufacturing Fund (2025-30) launched in October 2024 has so far committed a total of £6 million in grant awards, 100% going to small and medium (SME) companies with fewer than 250 employees. Between 2022 and 2024, £69 million in grant funding was awarded through predecessor schemes, of which £3 million (4%) was awarded to SMEs and £66 million (96%) to larger companies. The LSIMF 2025-2030 scheme remains open and its pipeline contains applications from across the sector, and from companies of different sizes.