Backing British business to make medical and diagnostic equipment

Today the Prime Minister  launches a £20 million fund to boost medicine and diagnostic equipment manufacturing in the UK, ensuring greater resilience in our domestic supply chains and creating new jobs and economic opportunities as we build back better.

  • This pandemic has shown the importance of having a strong domestic medicines and diagnostics manufacturing industry, and we want to ensure that our supply chains are even more resilient in the future.
     
  • That is why the Prime Minister is launching a new £20 million Medicines and Diagnostic Manufacturing Transformation Fund, which will open-up investment opportunities for medicines manufacturers in England, Scotland and Wales – improving our domestic medicine supply chains and creating thousands of highly skilled jobs in the process.
     
  • This will help put UK companies ahead of global competitors in advanced medicines manufacturing, while helping them respond to future healthcare needs, increasing the overall health resilience of the UK.

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