Life Sciences: Finance

(asked on 12th April 2021) - View Source

Question to the Department for International Trade:

To ask the Secretary of State for International Trade, with reference to the £800 million commitment from Mubadala as part of the UAE-UK Sovereign Investment Partnership, which areas of the life sciences sector will receive funding from that Partnership.


Answered by
Graham Stuart Portrait
Graham Stuart
Minister of State (Department for Energy Security and Net Zero)
This question was answered on 20th April 2021

The UK Government remains committed to providing £200m in funding to unlock additional investment in our world-leading life sciences sector. We are working closely with Mubadala and considering how best to deploy this funding in light of Mubadala’s own £800m commitment to the sector.

In total, this means £1bn of new funding available for our most promising life sciences companies, with the potential to crowd in more funding from other investors.

Reticulating Splines