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Life Sciences: Investment

Question for Department for Business, Innovation and Skills

UIN 24239, tabled on 26 January 2016

To ask the Secretary of State for Business, Innovation and Skills, if he will make an assessment of the link between government support for UK Life Sciences and pharmaceutical research and development investment in the UK.

Answered on

3 February 2016

Our latest estimates show that collective Government support through the Life Science Strategy has stimulated more than £6 billion in new investment by the life sciences industry linked to more than 17,000 new sector jobs. Underpinning this success is the UK’s world class science base and an increasingly strong and informed relationship between our universities and wider life sciences community, which is a key attractor for investment by domestic and overseas companies. Through the Accelerated Access Review the government is making this country a world leading place to design, develop and deploy medical innovations, stimulating investment and creating a stronger NHS.

Answered by

Department for Business, Innovation and Skills