Life Sciences Sector 2023-11-14
2023-11-14
TAGS
Response quality
Questions & Answers
Q1
Direct Answer
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Context
The question aims to understand the fiscal measures being taken by the government to foster growth in the life sciences industry.
What fiscal steps he is taking to support the growth of the life sciences sector.
Life sciences are one of the Chancellor's key growth priority areas. In May, he announced a significant new policy package, backed by more than £650 million of funding, reaffirming the Government's commitment to supporting a thriving life sciences industry.
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Assessment & feedback
Response accuracy
Q2
Partial Answer
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Context
The question follows up on the importance of life sciences and seeks to highlight specific investment zones such as BioYorkshire, located near the MP's constituency.
I thank my hon. Friend for that answer. Life sciences are incredibly important, so will he focus investment on them in projects such as BioYorkshire on the edge of my constituency, which brings together private, public and academic institutions for huge benefits right across the board?
My hon. Friend is absolutely right to highlight the benefits and importance of life sciences to the country. We are genuinely a world leader: I was out in Boston in the United States seeing the other world-leading area for life sciences, and it is not a patch on ours. That is why, as an example, we are looking to support life sciences through the investment zone programme, but, as I said, they are a key priority for the Chancellor as part of his growth agenda.
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Assessment & feedback
Specific focus on BioYorkshire or concrete commitment to fund it was not provided
As An Example
Looking To Support
Response accuracy