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<p>We welcome the BioIndustry Association report, which the Government launched at
the BioIndustry Association’s event, Strategic Technologies in Life Sciences: The
Future is Now, attended by myself on 24 January 2018. The Government is proactively
supporting the UK’s strong life sciences sector.</p><p> </p><p>The Government has
published two Life Sciences Sector Deals, which are supported by the Government’s
commitment to delivering the biggest increase in R&D investment for 40 years.
Since Autumn 2016, Government has committed an additional £7 billion in R&D by
2021-22, demonstrating clear progress towards the Government’s ambition to raise investment
in R&D in the economy to 2.4% of GDP by 2027.</p><p> </p><p>At Budget 2017 the
Government also announced a 10-year action plan to unlock over £20bn to finance growth
in innovative firms, including life science companies.</p><p> </p>
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