To ask the Secretary of State for International Trade, with reference to the £800 million commitment from Mubadala as part of the UAE-UK Sovereign Investment Partnership, which areas of the life sciences sector will receive funding from that Partnership.
20 April 2021
The UK Government remains committed to providing £200m in funding to unlock additional investment in our world-leading life sciences sector. We are working closely with Mubadala and considering how best to deploy this funding in light of Mubadala’s own £800m commitment to the sector.
In total, this means £1bn of new funding available for our most promising life sciences companies, with the potential to crowd in more funding from other investors.