STORY
The Government has said the UK life sciences sector attracted more than £3 billion in public and private investment during the past 12 months. Ministers said the funding reflected international confidence in British research, manufacturing and medical innovation.
The announcement accompanied new plans for jobs and growth in life sciences, with the Government seeking to accelerate clinical research and the adoption of new treatments. It said investment would support skilled employment and faster access to medicines for patients.
The sector is a central part of the Government’s industrial strategy. Ministers are seeking to maintain the UK’s position in pharmaceutical research while addressing concerns about investment, regulation and the speed at which innovations reach the NHS.