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Written question asked by Andrew Snowden (Conservative) on Friday, 10 July 2026, in the House of Commons. It was due for an answer on Wednesday, 15 July 2026 (named day). It was answered by Kanishka Narayan (Labour) on Wednesday, 15 July 2026 on behalf of the Department for Science, Innovation and Technology.

Life Sciences: Investment

Question

To ask the Secretary of State for Science, Innovation and Technology, with reference to her Department's joint press release entitled UK life sciences attracts £3bn investment, creating jobs and faster patient treatments, published on 9 July 2026, what proportion of the funding represents (a) new private investment, (b) previously announced private investment, (c) public funding and (d) investment contingent on future milestones.

Answer

The £3bn investment figure consists exclusively of previously announced investments over the last year, from July 2025. Full details of the investments that make up that figure are included in the footnotes of the publication (Life Sciences Sector Plan: One Year On - GOV.UK).

Of the £3bn we expect over 90% to be private. This includes investment leveraged via the Life Sciences Innovative Manufacturing Fund, which is providing up to £520 million in grants to companies to improve the UK’s manufacturing capability and resilience. Investments leveraged through this fund are forwards looking and are therefore subject to change.

Secondary information

Type
Written question
Reference
17845
Session
2026-27
Subjects
Investment Life sciences
Contains statistics
Yes
Link
View this Written question on www.parliament.uk