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What steps her Department is taking to support the life sciences manufacturing sector.
What steps her Department is taking to support the life sciences manufacturing sector.
The Government could not be more committed to supporting our valued life sciences sector, which, in the financial year ending 2022, contributed well over £100 billion in turnover to the UK economy and employed more than 300,000 people.
As the Minister will know, there is a shortage of laboratory space and clinical trials in the UK, and companies such as Precision Health Technologies Accelerator in Birmingham, led by the excellent Professor Gino Martini, want to be part of the solution to the problem. What help can the Government give businesses of that kind so that we can increase the number of clinical trials to help the advancement of lifesaving medicines?
As the Minister will know, there is a shortage of laboratory space and clinical trials in the UK, and companies such as Precision Health Technologies Accelerator in Birmingham, led by the excellent Professor Gino Martini, want to be part of the solution to the problem. What help can the Government give businesses of that kind so that we can increase the number of clinical trials to help the advancement of lifesaving medicines?
My hon. Friend is right: such is the growth of this important sector that we need more lab space quickly. I personally benefited from the advice of Professor Martini in the life sciences real estate working group. Precision Health Technologies Accelerator does some amazing work in my hon. Friend’s constituency to knock down barriers to building, many of which are sadly the fault of Labour councils.
What steps her Department is taking to help the life sciences industry attract private investment.
What steps her Department is taking to help the life sciences industry attract private investment.
The UK’s life sciences sector is key to creating highly skilled jobs across the UK and cementing the UK’s role as a science superpower, as my hon. Friend the Minister for Science, Research and Innovation, a doughty champion of life sciences, has just set out. We have a life sciences vision, which sets out our ambition to develop a globally competitive investment ecosystem in the UK, and we will bring forward further measures to support the sector in the coming weeks. A great example is the life sciences investment programme, a £200 million initiative that is expected to attract at least double that in private investment.
Post pandemic, there has been a significant advance in attracting new pharma to the United Kingdom. Will the Secretary of State join me in welcoming the hugely significant partnership with Moderna as a sign of confidence in the United Kingdom? It will bring much-needed jobs and investment to the whole of the UK, and hopefully to Birmingham in particular.
Post pandemic, there has been a significant advance in attracting new pharma to the United Kingdom. Will the Secretary of State join me in welcoming the hugely significant partnership with Moderna as a sign of confidence in the United Kingdom? It will bring much-needed jobs and investment to the whole of the UK, and hopefully to Birmingham in particular.
Yes, I do of course join my hon. Friend in welcoming that investment. As he sets out, our goal is to ensure that the UK is the most attractive environment possible for life sciences investment, and we are doing a range of things to help achieve that. We can see exciting innovations coming into the UK as a result, including one I am very excited about that is due this year: greater personalisation in cancer drugs.