Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps his Department will take to ensure that the additional equity commitments from the Life Sciences Investment Programme to the British Business Bank announced in Budget 2020 are allocated to support innovative health and life sciences firms that are developing new approach methodologies to replace animal experiments.
The Life Sciences Investment Programme (LSIP), delivered by the British Business Bank, will provide investment to support innovative health and life science companies that are looking to grow and scale in the UK. This programme is intended to support all areas of UK life science innovation.