PARLIAMENTARY WRITTEN QUESTION
Life Sciences: Finance (9 September 2024)
Question Asked
To ask the Secretary of State for Science, Innovation and Technology, with reference to the Autumn Statement 2023, whether he plans to make £520 million available for life sciences.
Asked by:
James Wild (Conservative)
Asked by:
James Wild (Conservative)
Answer
The Government is committed to supporting Life Sciences manufacturing to deliver an NHS fit for the future and stimulate economic growth across the UK. It has invested over £405 million to secure vaccine manufacturing through the Vaccine Taskforce and is providing up to £118 million in capital grants to boost UK manufacturing investment.
DSIT is discussing plans to support investment in the sector with the Treasury. The £520 million funding announced in the Autumn Statement for Life Sciences manufacturing is part of these discussions.
Answered by:
Feryal Clark (Labour)
17 September 2024
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