Science Minister Sam Gyimah announces £70 million in funding to support the development of new medicines and treatments

New Science Minister Sam Gyimah has committed £70 million through the Industrial Strategy Challenge Fund (ISCF) to support projects including new manufacturing centres to speed up the development of new medicines. The funding comes as part of the government’s strategy to “build a country fit for the future through a stronger economy and fairer society.”

The funding for the ISCF Leading Edge Healthcare Challenge allocation is made up of:

  • £21 million for Advanced Therapies Treatment Centres
  • £15 million for Medicines Manufacturing Collaborative Research and Development round 1 competition
  • £8 million for Digital Health Catalyst round 1
  • £5.6 million for Viral Vector Production for Cell and Gene Therapy
  • £8 million for Digital Health Technology Catalyst round 2 – funding competition opens 15 February 2018
  • £10 million for the Medicines Manufacturing Challenge round 2 – funding opens 12 March 2018

It is hoped that the projects announced as part of the ISCF Leading Edge Healthcare Challenge will improve accessibility and production of medicines, as well as further reaffirm the UK’s position as being world-leading in research and development, which is a central to the government’s Industrial Strategy.

To read more about the press release please click here.

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Published 22. January 2018 in News UK