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Life Sciences: Finance

Question for Department for Business, Energy and Industrial Strategy

UIN 94371, tabled on 16 December 2021

To ask the Secretary of State for Business, Energy and Industrial Strategy, pursuant to the Answer of 2 December 2021 to Question 79368, what progress has been made on attracting investment for Life Sciences Investment Programme.

Answered on

6 January 2022

There has been a strong response to the Life Sciences Investment Programme request for proposals, which was published on 7 July 2021. The British Business Bank is holding talks with fund managers who expressed an interest, and the first investments are expected to be announced during the first half of 2022.