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<p>The Life Sciences Vision, published in July 2021, sets out our ten-year strategy
on how we would make the UK a Life Sciences superpower. The Vision made a number of
commitments to develop a globally competitive Life Sciences investment ecosystem.
These included the Life Sciences Innovative Manufacturing Fund, which will provide
£60million in capital grants for investment in the manufacturing of human medicines,
medical diagnostics and MedTech products in the UK; a new “Long-Term Investment For
Technology and Science (LIFTS)” competition, providing up to £500million to support
new funds to catalyse investment into the UK’s pioneering science and technology businesses;
and eight Healthcare Missions, which will draw in significant private investment.
Since the Vision was published, the UK has also attracted over £1billion in private
sector investment.</p>
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