Government announces £93.2m funding package for life sciences and healthcare

Minister for Universities and Science, David Willetts, has revealed the latest support package for UK innovation. 

The third round of the Biomedical Catalyst award programme accounts for £25.9m of the total, distributed between 29 companies and 5 universities. The award has so far benefitted a wide range of research projects, companies and clinical trials in the life science sector, and is one of the most generous grants on offer from the government at the moment. Applications can be made through the Technology Strategy Board and the Medical Research Council.

In a further nod to the bioscience industry, a new manufacturing facility is to be constructed in Darlington, a commitment of £38m. The National Biologics Manufacturing Centre will be the national hub for the manufacture of medicines such as antibodies and vaccines.

The remainder of the cash is allocated to a range of companies and collaborative projects, including research into diagnostic testing for tuberculosis.

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