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<p>In April 2021, the Government launched the £20m Medicines and Diagnostics Manufacturing
Transformation Fund (MDMTF). Five companies were awarded funding through the MDMTF,
including Piramal Healthcare, which will undertake a facilities upgrade at their Morpeth
site in Northumberland.</p><p> </p><p>In March 2022, the Government launched the £60m
successor Life Sciences Innovative Manufacturing Fund (LSIMF) to support businesses
investing in life sciences manufacturing projects in the UK. This received many Expressions
of Interest and approximately 5% were from companies in the North East. It is expected
that the announcement of the first wave of successful applicants will take place in
Autumn 2022.</p>
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