The Prime Minister is due to announce today hundreds of millions of pounds of investment in life sciences as a special G8 summit in London agrees a landmark international deal on tackling dementia. He is also announcing that the UK has now attracted £2 billion of investment in life sciences since the launch of the Government’s strategy two years ago.
Building a more competitive, resilient economy with new industries and the jobs of the future is a key part of our long-term plan for Britain. Over the past two years we’ve seen £2 billion invested in this country’s life sciences industry. This will mean more jobs and growth, but also more research and greater progress on beating dementia. It’s a huge sign of confidence, but there is still more to do.
That’s why the Government will double its funding into dementia research by 2025, continue to attract more private sector investment – GlaxoSmithKline is set to announce £200 million of investments including creating a centre of excellence in pharma manufacturing technology – and is helping set up the world’s largest research collaboration into dementia by allowing teams across the UK to share and benefit from each other’s data.
It’s only by working globally, with nations, business and scientists from all over the world – working together as we did with cancer, and with HIV and AIDS – that we can beat dementia.
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