Biochemical Engineering

UK's Autumn Budget announces £520m for Life Sciences

UK's Autumn Budget announces £520m for Life Sciences

22nd November 2023

The life sciences industry in the UK has responded positively to measures introduced in the Autumn Budget detailed today by Chancellor Jeremy Hunt, including confirmation of a £520 million ($650 million) funding boost for the sector. That money has been set aside for manufacturing to build resilience for future health emergencies and capitalise on the UK's world-leading research and development, according to the government, and is part of a £4.5 billion injection for manufacturing across all manufacturing sectors. Source: Pharmaphorum 22/11/2023


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