Written Question·Treasury·UIN 61139

Life Sciences: Finance

Tabled: 19 June 2025

Answered: 27 June 2025

Question

John Glen

To ask the Chancellor of the Exchequer, with reference to the Spending Review 2025, published on 11 June 2025, how much and what proportion of the additional British Business Bank funding will be allocated to the life sciences sector.

Answer

Emma Reynolds

This Government is committed to ensuring high-potential life sciences businesses can access the finance they need to innovate, grow, and boost the UK economy. As part of the Industrial Strategy, the British Business Bank will invest £4 billion across key ...

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