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UK Pledges £220m Tech Fund for Life Science and University Sectors


The UK government is set to invest £220m in a package of measures for the life science and university sectors to support the use of cutting edge technologies.

The support was announced by the chancellor Philip Hammond over the weekend and half of it will be tailored to help translate medical technology breakthroughs into commercial success.

The investment was welcomed by industry body the ABPI, which said it “demonstrates the Government's continued support for the UK life sciences industry”.

Chief executive Mike Thompson hailed the four-year funding plan as a;

“clear signal from Government that the UK remains a great place for life sciences and will be well received by all in the industry”.