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1399839
star this property registered interest false more like this
star this property date less than 2022-01-05more like thismore than 2022-01-05
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
star this property answering dept short name Business, Energy and Industrial Strategy more like this
star this property answering dept sort name Business, Energy and Industrial Strategy more like this
star this property hansard heading Vaccine Manufacturing and Innovation Centre: Sales more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Business, Energy and Industrial Strategy, whether his Department held discussions with scientific bodies prior to the decision to sell the Vaccine Manufacturing and Innovation Centre. more like this
star this property tabling member constituency Newcastle upon Tyne Central more like this
star this property tabling member printed
Chi Onwurah remove filter
star this property uin 98275 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2022-01-11more like thismore than 2022-01-11
star this property answer text <p>The Vaccine Manufacturing Innovation Centre (VMIC) UK is a private company, limited by guarantee, and as such the UK Government does not exercise any ownership rights.</p><p> </p><p>VMIC has been granted £206m of Government funding to date to support the delivery of the facility, including grants since the beginning of the COVID-19 pandemic to increase vaccine manufacturing capacity. Reflecting the public funding VMIC has received, UK Research and Innovation (who have been managing the grant on behalf of the Vaccine Taskforce) will be required to ‘consent’ to any sale of the company or its assets and have confirmed that they will work closely with the Vaccine Taskforce in performing this function.</p> more like this
star this property answering member constituency Mid Norfolk more like this
star this property answering member printed George Freeman more like this
star this property grouped question UIN 98277 more like this
star this property question first answered
less than 2022-01-11T17:34:24.93Zmore like thismore than 2022-01-11T17:34:24.93Z
star this property answering member
4020
star this property label Biography information for George Freeman more like this
star this property previous answer version
42089
star this property answering member constituency Mid Norfolk more like this
star this property answering member printed George Freeman more like this
star this property answering member
4020
star this property label Biography information for George Freeman more like this
unstar this property tabling member
4124
unstar this property label Biography information for Chi Onwurah more like this
1400058
star this property registered interest false more like this
star this property date less than 2022-01-05more like thismore than 2022-01-05
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
star this property answering dept short name Business, Energy and Industrial Strategy more like this
star this property answering dept sort name Business, Energy and Industrial Strategy more like this
star this property hansard heading Vaccine Manufacturing and Innovation Centre: Investment more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Business, Energy and Industrial Strategy, pursuant to the Answer of 5 January 2022 to Question 94362, how much has the Government invested in the Vaccine Manufacture and Innovation Centre since its inception (a) directly and (b) through its agencies; and what other forms of control does the Government exercise of that Centre. more like this
star this property tabling member constituency Newcastle upon Tyne Central more like this
star this property tabling member printed
Chi Onwurah remove filter
star this property uin 98277 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2022-01-11more like thismore than 2022-01-11
star this property answer text <p>The Vaccine Manufacturing Innovation Centre (VMIC) UK is a private company, limited by guarantee, and as such the UK Government does not exercise any ownership rights.</p><p> </p><p>VMIC has been granted £206m of Government funding to date to support the delivery of the facility, including grants since the beginning of the COVID-19 pandemic to increase vaccine manufacturing capacity. Reflecting the public funding VMIC has received, UK Research and Innovation (who have been managing the grant on behalf of the Vaccine Taskforce) will be required to ‘consent’ to any sale of the company or its assets and have confirmed that they will work closely with the Vaccine Taskforce in performing this function.</p> more like this
star this property answering member constituency Mid Norfolk more like this
star this property answering member printed George Freeman more like this
star this property grouped question UIN 98275 more like this
star this property question first answered
less than 2022-01-11T17:34:24.853Zmore like thismore than 2022-01-11T17:34:24.853Z
star this property answering member
4020
star this property label Biography information for George Freeman more like this
star this property previous answer version
42090
star this property answering member constituency Mid Norfolk more like this
star this property answering member printed George Freeman more like this
star this property answering member
4020
star this property label Biography information for George Freeman more like this
unstar this property tabling member
4124
unstar this property label Biography information for Chi Onwurah more like this
1682580
star this property registered interest false more like this
star this property date less than 2024-01-16more like thismore than 2024-01-16
star this property answering body
Department of Health and Social Care more like this
star this property answering dept id 17 more like this
star this property answering dept short name Health and Social Care more like this
star this property answering dept sort name Health and Social Care more like this
star this property hansard heading Ivacaftor/tezacaftor/elexacaftor more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Health and Social Care, what assessment she has made of the adequacy of the potential cost of Kaftrio for the NHS, in the context of the cost of Kaftrio in the EU market. more like this
star this property tabling member constituency Newcastle upon Tyne Central more like this
star this property tabling member printed
Chi Onwurah remove filter
star this property uin 9817 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2024-01-19more like thismore than 2024-01-19
star this property answer text <p>The National Institute for Health and Care Excellence (NICE) is the independent body that develops recommendations on whether medicines represent a clinically and cost-effective use of National Health Service resources at the price proposed by the company. Companies can agree discounts on the price of medicines in the context of the NICE evaluation process.</p><p>NICE is currently developing guidance for the NHS on the clinical and cost effectiveness of Kaftrio and other cystic fibrosis medicines, and recently consulted on its draft recommendations. Kaftrio is currently available as a treatment option for eligible NHS patients under the terms of an interim access agreement, which was originally reached in 2019.</p> more like this
star this property answering member constituency Pendle more like this
star this property answering member printed Andrew Stephenson more like this
star this property grouped question UIN 9818 more like this
star this property question first answered
less than 2024-01-19T10:14:15.703Zmore like thismore than 2024-01-19T10:14:15.703Z
star this property answering member
4044
star this property label Biography information for Andrew Stephenson more like this
unstar this property tabling member
4124
unstar this property label Biography information for Chi Onwurah more like this
1682581
star this property registered interest false more like this
star this property date less than 2024-01-16more like thismore than 2024-01-16
star this property answering body
Department of Health and Social Care more like this
star this property answering dept id 17 more like this
star this property answering dept short name Health and Social Care more like this
star this property answering dept sort name Health and Social Care more like this
star this property hansard heading Ivacaftor/tezacaftor/elexacaftor more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Health and Social Care, what assessment her Department has made of the potential merits of the use of Kaftrio in the NHS. more like this
star this property tabling member constituency Newcastle upon Tyne Central more like this
star this property tabling member printed
Chi Onwurah remove filter
star this property uin 9818 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2024-01-19more like thismore than 2024-01-19
star this property answer text <p>The National Institute for Health and Care Excellence (NICE) is the independent body that develops recommendations on whether medicines represent a clinically and cost-effective use of National Health Service resources at the price proposed by the company. Companies can agree discounts on the price of medicines in the context of the NICE evaluation process.</p><p>NICE is currently developing guidance for the NHS on the clinical and cost effectiveness of Kaftrio and other cystic fibrosis medicines, and recently consulted on its draft recommendations. Kaftrio is currently available as a treatment option for eligible NHS patients under the terms of an interim access agreement, which was originally reached in 2019.</p> more like this
star this property answering member constituency Pendle more like this
star this property answering member printed Andrew Stephenson more like this
star this property grouped question UIN 9817 more like this
star this property question first answered
less than 2024-01-19T10:14:15.657Zmore like thismore than 2024-01-19T10:14:15.657Z
star this property answering member
4044
star this property label Biography information for Andrew Stephenson more like this
unstar this property tabling member
4124
unstar this property label Biography information for Chi Onwurah more like this
1387871
star this property registered interest false more like this
star this property date less than 2021-12-14more like thismore than 2021-12-14
star this property answering body
Department of Health and Social Care more like this
star this property answering dept id 17 more like this
star this property answering dept short name Health and Social Care more like this
star this property answering dept sort name Health and Social Care more like this
star this property hansard heading Medical Equipment more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Health and Social Care, what steps his Department is taking to deliver a MedTech strategy; what the objectives of that strategy will be; what metrics will be used to assess progress on those objectives; and what resource is being allocated to the delivery of that strategy. more like this
star this property tabling member constituency Newcastle upon Tyne Central more like this
star this property tabling member printed
Chi Onwurah remove filter
star this property uin 92930 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2021-12-20more like thismore than 2021-12-20
star this property answer text <p>The Medical Technology Directorate is currently working on a strategy, due for publication next year. The strategy will support the United Kingdom MedTech sector and ensure the health and social care system can reliably access safe, effective and innovative medical technologies that support the continued delivery of high-quality care and excellent patient outcomes and represents value for money. When published, the strategy will set out the longer term aims and metrics and the vision for implementation, including the resources required for successful delivery. As part of the strategy’s development, the Directorate are engaging with key stakeholders, including industry and wider Government teams. The strategy will align with and be complementary to the Life Sciences Vision.</p> more like this
star this property answering member constituency Charnwood more like this
star this property answering member printed Edward Argar more like this
star this property grouped question UIN
92931 more like this
92932 more like this
star this property question first answered
less than 2021-12-20T10:23:35.773Zmore like thismore than 2021-12-20T10:23:35.773Z
star this property answering member
4362
star this property label Biography information for Edward Argar more like this
unstar this property tabling member
4124
unstar this property label Biography information for Chi Onwurah more like this
1387872
star this property registered interest false more like this
star this property date less than 2021-12-14more like thismore than 2021-12-14
star this property answering body
Department of Health and Social Care more like this
star this property answering dept id 17 more like this
star this property answering dept short name Health and Social Care more like this
star this property answering dept sort name Health and Social Care more like this
star this property hansard heading Medical Equipment more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Health and Social Care, what plans his Department has to engage with (a) the medical technology industry and (b) other relevant stakeholders on the development of a MedTech strategy. more like this
star this property tabling member constituency Newcastle upon Tyne Central more like this
star this property tabling member printed
Chi Onwurah remove filter
star this property uin 92931 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2021-12-20more like thismore than 2021-12-20
star this property answer text <p>The Medical Technology Directorate is currently working on a strategy, due for publication next year. The strategy will support the United Kingdom MedTech sector and ensure the health and social care system can reliably access safe, effective and innovative medical technologies that support the continued delivery of high-quality care and excellent patient outcomes and represents value for money. When published, the strategy will set out the longer term aims and metrics and the vision for implementation, including the resources required for successful delivery. As part of the strategy’s development, the Directorate are engaging with key stakeholders, including industry and wider Government teams. The strategy will align with and be complementary to the Life Sciences Vision.</p> more like this
star this property answering member constituency Charnwood more like this
star this property answering member printed Edward Argar more like this
star this property grouped question UIN
92930 more like this
92932 more like this
star this property question first answered
less than 2021-12-20T10:23:35.85Zmore like thismore than 2021-12-20T10:23:35.85Z
star this property answering member
4362
star this property label Biography information for Edward Argar more like this
unstar this property tabling member
4124
unstar this property label Biography information for Chi Onwurah more like this
1387873
star this property registered interest false more like this
star this property date less than 2021-12-14more like thismore than 2021-12-14
star this property answering body
Department of Health and Social Care more like this
star this property answering dept id 17 more like this
star this property answering dept short name Health and Social Care more like this
star this property answering dept sort name Health and Social Care more like this
star this property hansard heading Medical Technologies Directorate: Life Sciences more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Health and Social Care, what the role of the Medical Technology Directorate is in supporting the implementation of the Life Sciences Vision. . more like this
star this property tabling member constituency Newcastle upon Tyne Central more like this
star this property tabling member printed
Chi Onwurah remove filter
star this property uin 92932 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2021-12-20more like thismore than 2021-12-20
star this property answer text <p>The Medical Technology Directorate is currently working on a strategy, due for publication next year. The strategy will support the United Kingdom MedTech sector and ensure the health and social care system can reliably access safe, effective and innovative medical technologies that support the continued delivery of high-quality care and excellent patient outcomes and represents value for money. When published, the strategy will set out the longer term aims and metrics and the vision for implementation, including the resources required for successful delivery. As part of the strategy’s development, the Directorate are engaging with key stakeholders, including industry and wider Government teams. The strategy will align with and be complementary to the Life Sciences Vision.</p> more like this
star this property answering member constituency Charnwood more like this
star this property answering member printed Edward Argar more like this
star this property grouped question UIN
92930 more like this
92931 more like this
star this property question first answered
less than 2021-12-20T10:23:35.913Zmore like thismore than 2021-12-20T10:23:35.913Z
star this property answering member
4362
star this property label Biography information for Edward Argar more like this
unstar this property tabling member
4124
unstar this property label Biography information for Chi Onwurah more like this
1387866
star this property registered interest false more like this
star this property date less than 2021-12-14more like thismore than 2021-12-14
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
star this property answering dept short name Business, Energy and Industrial Strategy more like this
star this property answering dept sort name Business, Energy and Industrial Strategy more like this
star this property hansard heading Innovate UK: Expenditure more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will provide a breakdown of Innovate UK expenditure during the financial year ended 5 April 2021 of (a) employees, (b) individual contractors and consultations, excluding KTN, (c) other Innovate UK operational spending and overheads, (d) Industrial Strategy Challenge Fund grants, (e) other R&D grants, (f) SBRI contracts, excluding contract funding coming from other parts of the public sector, (g) loans to businesses, (h) core funding of catapults, (i) KTN operations, (j) other Innovate UK programmes and (k) other expenditures; and if he will make an estimate of how those annual expenditures are planned to change over the Spending Review. more like this
star this property tabling member constituency Newcastle upon Tyne Central more like this
star this property tabling member printed
Chi Onwurah remove filter
star this property uin 92927 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2021-12-22more like thismore than 2021-12-22
star this property answer text <p>A breakdown of expenditure for the whole of UKRI is set out in the UKRI annual report and accounts for 2020-21 (Note 2 Page 158)<a href="https://ukc-word-edit.officeapps.live.com/we/wordeditorframe.aspx?ui=en%2DGB&amp;rs=en%2DGB&amp;wopisrc=https%3A%2F%2Fbeisgov.sharepoint.com%2Fsites%2FSRIDPIR%2F_vti_bin%2Fwopi.ashx%2Ffiles%2F903011565e784d59b5abe5986c53788a&amp;wdenableroaming=1&amp;mscc=1&amp;hid=5B670DA0-00DE-3000-69EA-38754761EC2F&amp;wdorigin=ItemsView&amp;wdhostclicktime=1639675651478&amp;jsapi=1&amp;jsapiver=v1&amp;newsession=1&amp;corrid=cf205dda-3ddc-56f0-a087-c3c83c023342&amp;usid=cf205dda-3ddc-56f0-a087-c3c83c023342&amp;sftc=1&amp;mtf=1&amp;sfp=1&amp;instantedit=1&amp;wopicomplete=1&amp;wdredirectionreason=Unified_SingleFlush&amp;preseededsessionkey=6442766a-a6fd-0807-bde5-12f66f20a817&amp;preseededwacsessionid=cf205dda-3ddc-56f0-a087-c3c83c023342&amp;rct=Medium&amp;ctp=LeastProtected#_ftn1" target="_blank"><sup>[1]</sup></a>.</p><p><em><a href="https://ukc-word-edit.officeapps.live.com/we/wordeditorframe.aspx?ui=en%2DGB&amp;rs=en%2DGB&amp;wopisrc=https%3A%2F%2Fbeisgov.sharepoint.com%2Fsites%2FSRIDPIR%2F_vti_bin%2Fwopi.ashx%2Ffiles%2F903011565e784d59b5abe5986c53788a&amp;wdenableroaming=1&amp;mscc=1&amp;hid=5B670DA0-00DE-3000-69EA-38754761EC2F&amp;wdorigin=ItemsView&amp;wdhostclicktime=1639675651478&amp;jsapi=1&amp;jsapiver=v1&amp;newsession=1&amp;corrid=cf205dda-3ddc-56f0-a087-c3c83c023342&amp;usid=cf205dda-3ddc-56f0-a087-c3c83c023342&amp;sftc=1&amp;mtf=1&amp;sfp=1&amp;instantedit=1&amp;wopicomplete=1&amp;wdredirectionreason=Unified_SingleFlush&amp;preseededsessionkey=6442766a-a6fd-0807-bde5-12f66f20a817&amp;preseededwacsessionid=cf205dda-3ddc-56f0-a087-c3c83c023342&amp;rct=Medium&amp;ctp=LeastProtected#_ftnref1" target="_blank"><sup>[1]</sup></a> <a href="https://www.ukri.org/wp-content/uploads/2021/07/UKRI-200721-AnnualReport2020-2021.pdf" target="_blank">UKRI-200721-AnnualReport2020-2021.pdf</a></em></p>
star this property answering member constituency Mid Norfolk more like this
star this property answering member printed George Freeman more like this
star this property grouped question UIN 92928 more like this
star this property question first answered
less than 2021-12-22T14:17:09.52Zmore like thismore than 2021-12-22T14:17:09.52Z
star this property answering member
4020
star this property label Biography information for George Freeman more like this
unstar this property tabling member
4124
unstar this property label Biography information for Chi Onwurah more like this
1387867
star this property registered interest false more like this
star this property date less than 2021-12-14more like thismore than 2021-12-14
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
star this property answering dept short name Business, Energy and Industrial Strategy more like this
star this property answering dept sort name Business, Energy and Industrial Strategy more like this
star this property hansard heading Innovation: Expenditure more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will provide a breakdown of innovation policy expenditure during the financial year ended 5 April 2021 of (a) employees, (b) individual contractors and consultations, excluding KTN, (c) other Innovate UK operational spending and overheads, (d) Industrial Strategy Challenge Fund grants, (e) other R&D grants, (f) SBRI contracts, excluding contract funding coming from other parts of the public sector, (g) loans to businesses, (h) core funding of catapults, (i) KTN operations, (j) other Innovate UK programmes and (k) other expenditures; and if he will make an estimate of how those annual expenditures are expected to change over the next three years. more like this
star this property tabling member constituency Newcastle upon Tyne Central more like this
star this property tabling member printed
Chi Onwurah remove filter
star this property uin 92928 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2021-12-22more like thismore than 2021-12-22
star this property answer text <p>A breakdown of expenditure for the whole of UKRI is set out in the UKRI annual report and accounts for 2020-21 (Note 2 Page 158)<a href="https://ukc-word-edit.officeapps.live.com/we/wordeditorframe.aspx?ui=en%2DGB&amp;rs=en%2DGB&amp;wopisrc=https%3A%2F%2Fbeisgov.sharepoint.com%2Fsites%2FSRIDPIR%2F_vti_bin%2Fwopi.ashx%2Ffiles%2F903011565e784d59b5abe5986c53788a&amp;wdenableroaming=1&amp;mscc=1&amp;hid=5B670DA0-00DE-3000-69EA-38754761EC2F&amp;wdorigin=ItemsView&amp;wdhostclicktime=1639675651478&amp;jsapi=1&amp;jsapiver=v1&amp;newsession=1&amp;corrid=cf205dda-3ddc-56f0-a087-c3c83c023342&amp;usid=cf205dda-3ddc-56f0-a087-c3c83c023342&amp;sftc=1&amp;mtf=1&amp;sfp=1&amp;instantedit=1&amp;wopicomplete=1&amp;wdredirectionreason=Unified_SingleFlush&amp;preseededsessionkey=6442766a-a6fd-0807-bde5-12f66f20a817&amp;preseededwacsessionid=cf205dda-3ddc-56f0-a087-c3c83c023342&amp;rct=Medium&amp;ctp=LeastProtected#_ftn1" target="_blank"><sup>[1]</sup></a>.</p><p><em><a href="https://ukc-word-edit.officeapps.live.com/we/wordeditorframe.aspx?ui=en%2DGB&amp;rs=en%2DGB&amp;wopisrc=https%3A%2F%2Fbeisgov.sharepoint.com%2Fsites%2FSRIDPIR%2F_vti_bin%2Fwopi.ashx%2Ffiles%2F903011565e784d59b5abe5986c53788a&amp;wdenableroaming=1&amp;mscc=1&amp;hid=5B670DA0-00DE-3000-69EA-38754761EC2F&amp;wdorigin=ItemsView&amp;wdhostclicktime=1639675651478&amp;jsapi=1&amp;jsapiver=v1&amp;newsession=1&amp;corrid=cf205dda-3ddc-56f0-a087-c3c83c023342&amp;usid=cf205dda-3ddc-56f0-a087-c3c83c023342&amp;sftc=1&amp;mtf=1&amp;sfp=1&amp;instantedit=1&amp;wopicomplete=1&amp;wdredirectionreason=Unified_SingleFlush&amp;preseededsessionkey=6442766a-a6fd-0807-bde5-12f66f20a817&amp;preseededwacsessionid=cf205dda-3ddc-56f0-a087-c3c83c023342&amp;rct=Medium&amp;ctp=LeastProtected#_ftnref1" target="_blank"><sup>[1]</sup></a> <a href="https://www.ukri.org/wp-content/uploads/2021/07/UKRI-200721-AnnualReport2020-2021.pdf" target="_blank">UKRI-200721-AnnualReport2020-2021.pdf</a></em></p>
star this property answering member constituency Mid Norfolk more like this
star this property answering member printed George Freeman more like this
star this property grouped question UIN 92927 more like this
star this property question first answered
less than 2021-12-22T14:17:09.597Zmore like thismore than 2021-12-22T14:17:09.597Z
star this property answering member
4020
star this property label Biography information for George Freeman more like this
unstar this property tabling member
4124
unstar this property label Biography information for Chi Onwurah more like this
1235982
star this property registered interest false more like this
star this property date less than 2020-09-22more like thismore than 2020-09-22
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
star this property answering dept short name Business, Energy and Industrial Strategy more like this
star this property answering dept sort name Business, Energy and Industrial Strategy more like this
star this property hansard heading British Patient Capital more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Business, Energy and Industrial Strategy, what the average time from application to funding decision is for British Patient Capital. more like this
star this property tabling member constituency Newcastle upon Tyne Central more like this
star this property tabling member printed
Chi Onwurah remove filter
star this property uin 92649 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2020-09-30more like thismore than 2020-09-30
star this property answer text <p>As part of the Patient Capital Review, the Government consulted on potential barriers to accessing finance and the means to overcome them. Following the review’s conclusion in November 2017, my Rt. Hon. Friend Mr Chancellor of the Exchequer announced an action plan to unlock over £20 billion to finance growth in innovative firms over 10 years. The plan included additional resources for the British Business Bank, and the creation of its commercial subsidiary, British Patient Capital.</p><p> </p><p>Established in 2018, British Patient Capital builds on over a decade of investing £1bn in venture and venture growth capital funds. Several of these funds are now major names in UK venture, and many of the British Patient Capital team bring with them the experience, knowledge and relationships gained working in predecessor programmes. These relationships and British Patient Capital’s reputation allow it to see and take advantage of opportunities others may not. British Patient Capital predominantly invests as a Limited Partner investor.</p><p> </p><p>At the end of the last financial year, British Patient Capital’s portfolio consisted of 31 fund investments, with total commitments approaching £600m, making British Patient Capital the largest domestic investor in this asset class in the UK. Page 21 of British Patient Capital’s Annual Report and Accounts 2019 provides a sectoral breakdown and is available here: <a href="https://annualreport2019.britishpatientcapital.co.uk/assets/uploads/BPC_Annual_Report_2019.pdf" target="_blank">https://annualreport2019.britishpatientcapital.co.uk/assets/uploads/BPC_Annual_Report_2019.pdf</a>.</p>
star this property answering member constituency Sutton and Cheam more like this
star this property answering member printed Paul Scully more like this
star this property grouped question UIN
92650 more like this
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less than 2020-09-30T15:16:34.237Zmore like thismore than 2020-09-30T15:16:34.237Z
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star this property label Biography information for Paul Scully more like this
unstar this property tabling member
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unstar this property label Biography information for Chi Onwurah more like this