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Science: Finance

Question for Department for Business, Energy and Industrial Strategy

UIN 157104, tabled on 23 February 2021

To ask the Secretary of State for Business, Energy and Industrial Strategy, how much sciences investment was provided by the British Business Banks life sciences investment programme in 2020; and what the projected spend of that programme is in 2021.

Answered on

1 March 2021

The Government has committed to invest £200 million towards a dedicated Life Sciences Investment Programme, to enable the most exciting life sciences companies to scale and grow in the UK.

When the programme is launched by the British Business Bank it will leverage around £400 million of private sector investment, making around £600 million of financing available to the sector over the next 10 years.

Named day
Named day questions only occur in the House of Commons. The MP tabling the question specifies the date on which they should receive an answer. MPs may not table more than five named day questions on a single day.