Science: Finance

(asked on 23rd February 2021) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, how much sciences investment was provided by the British Business Banks life sciences investment programme in 2020; and what the projected spend of that programme is in 2021.


Answered by
Nadhim Zahawi Portrait
Nadhim Zahawi
This question was answered on 1st March 2021

The Government has committed to invest £200 million towards a dedicated Life Sciences Investment Programme, to enable the most exciting life sciences companies to scale and grow in the UK.

When the programme is launched by the British Business Bank it will leverage around £400 million of private sector investment, making around £600 million of financing available to the sector over the next 10 years.

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