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

To ask His Majesty's Government, further to the report by the Medicines Manufacturing Industry Partnership Fulfilling the potential identified in the Government's Life Sciences Vision, published on 24 January, what assessment they have made of its findings that since 2010, the UK has fallen from 4th to 98th place in overall trade balance in pharmaceuticals.

Life Sciences pharmaceutical manufacturing was responsible for $27.7bn exports in 2021. Official statistics from the Office for Life Sciences show that employment in core biopharmaceutical manufacturing employment declined between 2009 and 2019, but increased by 5% between 2019 and 2021. The Life Sciences Vision sets out an ambition to create a globally competitive environment for Life Science manufacturing investments. To help meet these ambitions, the Government launched the £60m Life Sciences Innovative Manufacturing Fund in March 2022 to incentivise globally mobile manufacturing investments in the UK.