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Written question asked by Jim Shannon (Democratic Unionist Party) on Tuesday, 9 June 2026, in the House of Commons. It was due for an answer on Thursday, 11 June 2026. It was answered by Kanishka Narayan (Labour) on Wednesday, 17 June 2026 on behalf of the Department for Science, Innovation and Technology.

Biotechnology: New Businesses

Question

To ask the Secretary of State for Science, Innovation and Technology, what funding her Department has allocated to support biotechnology start-ups in the UK.

Answer

UK Research and Innovation (UKRI), has awarded over £320 million to support biotechnology start-ups through a range of programmes spanning early-stage research commercialisation through to company growth. Support includes over £80 million through Biotechnology and Biological Science Research Council (BBSRC’s) Proof of Concept fund and more than £6 million for the Innovate UK ICURe pre-accelerator to help researchers develop commercial ventures. Early-stage companies are also supported through the UK Innovation and Science Seed Fund the BBSRC and Science and Technology Facilities Council (STFC) Deep Tech Catalyst Bio incubator, and investment in research and innovation campuses and innovation awards.

Since July 2024, Innovate UK has also committed £56.2 million in grant funding to support small and medium sized businesses test and develop innovative healthcare solutions through their Biomedical Catalyst programme.

Secondary information

Type
Written question
Reference
8041
Session
2026-27
Subjects
Biotechnology Finance New businesses
Contains statistics
Yes
Link
View this Written question on www.parliament.uk