New strategy to boost Britain’s £64bn life sciences sector

Aug 30, 2017 · bdaily.co.uk

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New measures to make the UK an international benchmark for success in life sciences will be revealed by British-Canadian geneticist Sir John Bell.

Industry proposals to boost the sector, already worth an estimated £64bn to the British economy, will be discussed later today (August 30) at the University of Birmingham’s Institute of Translational Medicine.

The event will also be attended by Business Secretary Greg Clark and Health Secretary Jeremy Hunt, who will unveil details of a £160m government investment to support life sciences businesses and the NHS.

The Business Secretary will discuss how £146m of previously announced funding, delivered over four years, will support priorities such as manufacturing, vaccine development and advanced therapies and medicines.

The Health Secretary, meanwhile, will pledge £14m to support 11 medical technology research centres to encourage collaboration between the NHS and businesses in bringing new technologies to patients.

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