Life Sciences: Finance

(asked on 12th May 2020) - View Source

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

To ask Her Majesty's Government what assessment they have made of the impact of the COVID-19 pandemic on science and research funding life sciences to deliver testing capabilities now and in the future.


Answered by
Lord Callanan Portrait
Lord Callanan
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
This question was answered on 27th May 2020

The UK continues to be a prime destination for life sciences. Sustained Government and industry investment in life sciences research across the UK has provided a strong foundation for this work to flourish.

During the Covid-19 outbreak, the Government is engaging with the life sciences sector to understand how it can best respond to issues, such as developing and producing testing supplies.

The Government’s long-term objectives for research and development are clear: to invest in the science and research that will deliver economic growth across the UK, for decades to come. As part of the Government’s £1.25 billion Covid-19 support package, Innovate UK is investing £750 million to support innovation in the country’s most research-intensive businesses during and afterthe pandemic.

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