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Written question asked by Lord Warner (Crossbench) on Tuesday, 18 July 2023, in the House of Lords. It was due for an answer on Tuesday, 1 August 2023. It was answered by Lord Markham (Conservative) on Tuesday, 25 July 2023 on behalf of the Department of Health and Social Care.


Life Sciences: Foreign Investment in UK

Question

To ask His Majesty's Government, further to the Written Answers by Lord Markham on 27 June (HL8632, HL8633), what was the estimated value of foreign direct investment in UK life sciences for each of the past three years for which such estimates are available.

Answer

The estimated value of foreign direct investment in the UK life sciences sector can be found in the ‘Life sciences competitiveness indicators’ publication, which is available on GOV.UK in an online-only format. The estimated value of foreign direct investment in 2022 was just over £1 billion, nearly £1.9 billion in 2021 and £927 million in 2020.


Secondary information

Type
Written question
Reference
HL9478
Session
2022-23
Related items
Subjects
Foreign investment in UK Life sciences
Contains statistics
Yes
Link
View this Written question on www.parliament.uk