CEO and NIHR23 Nov 2025 12:16
With Pete S former role at NIHR hopefully the summer budget allocation could include R and D for PYC
Rachel Reeves's budget includes a significant commitment to life sciences, with a £520 million innovative manufacturing fund and increased funding for the National Institute for Health and Care Research (NIHR). These measures, announced as part of broader government support for science and technology, are intended to foster economic growth, create jobs, and bolster the UK's position in research and innovation. The budget also focuses on developing regional innovation clusters and using research investment to boost economic growth.
Key initiatives for life sciences
Innovative manufacturing fund: A specific fund of £520 million has been set up to support manufacturing within the life sciences sector.
National Institute for Health and Care Research (NIHR): The budget includes increased funding for the NIHR, which is seen as crucial for improving the environment for clinical trials and advancing medical research.
Investment in core research: The budget also allocates £6.1 billion for core research funding in biotech and medical sciences.
Regional innovation clusters: The government plans to develop innovation clusters across the country, giving local leaders more power to target research investments.
Economic growth: The funding is part of a broader strategy to use life sciences as a driver for economic growth and job creation.