Skip to main content

Life Sciences: Finance

Question for Department for Business, Energy and Industrial Strategy

UIN 94373, tabled on 16 December 2021

To ask the Secretary of State for Business, Energy and Industrial Strategy, how much funding the Government will invest in skills in biosciences in the financial year 2022-23.

Answered on

6 January 2022

Following the Spending Review, BEIS will set R&D budgets through to 2024/25. Further details of how this funding will be allocated will be announced in due course.

The Biotechnology and Biological Sciences Research Council, part of UK Research and Innovation (UKRI), funds a variety of doctoral training opportunities in partnership with others, details of these can be viewed on the UKRI website here: Studentships – UKRI.

The Department for Education have also asked the Office for Students to reform the Strategic Priorities Grant for 2021-22. These reforms included the reallocation of high-cost subject funding towards the provision of high-cost subjects that support the NHS and wider healthcare policy; science, engineering and technology subjects; and specific labour market needs. As a result, the total funding for high-cost subjects, such as medicine, engineering and other high-cost subjects, is 12% (£81m) higher in 21/22 compared to 20/21.