Life Sciences Innovative Manufacturing Fund

James Wild Excerpts

Wednesday 22nd October 2025 Commons Chamber

[Kanishka Narayan]

I will make some progress.

This week we announced the first two grant awards through the scheme, marking a major milestone in the fund’s roll-out. This will unlock substantial private investment, showcasing the UK’s appeal to valuable, globally mobile life sciences manufacturers. As delivery of the scheme progresses, we expect to announce more grant winners in the coming months. Each project supported through the grant will further strengthen health resilience and drive economic growth across all nations and regions in the UK.

[James Wild (North West Norfolk) (Con)]

Since the Minister has been talking about taxpayers’ money, I would be grateful if he could let us know what the minimum leverage is. For every pound of taxpayers’ money put in, what is the minimum that has to be put in by the private sector?

[Kanishka Narayan]

My understanding is that these are grant capital investments that the Government will be making, and I am sure we will be looking at the leverage at a whole-fund level. If there are particular requirements at an individual investment level, I am happy to write to the hon. Member on that particular point.