£250m new funding for life sciences

As reported by the EuroBiotechNews,  approximately £250 million of new funding will go into life sciences across the country, a Government minister has announced.

Minister for Universities and Science, David Willetts, announced that £250M has been allocated for the first phase of several five year strategic investment programmes. This includes 26 strategic science programmes and 14 key national research capabilities, to be delivered by eight of the UK’s world-leading bioscience research institutes and their university partners. The process will be led by Britain’s Biotechnology and Biological Sciences Research Council (BBSRC).

Universities and Science Minister David Willetts told MPs during Commons Business questions on Thursday that the investment was a “commitment” to Britain’s bioscience research base. Willetts also said: “This investment will sustain excellent science at some of the UK’s leading institutes and universities. This will drive growth, support highly skilled jobs and keep the UK at the very forefront of bioscience, with benefits ranging from healthcare to energy and global food security.”

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Posted in: Industry News, News
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