Chancellor – BIVDA Newsletter

Chancellor reveals exciting new ‘Life Sci for Growth’ package

The new ‘Life Sci for Growth’ package brings together 10 different policies up to £48 million of new money for scientific innovation to prepare for any future health emergencies, £154 million to increase the capacity of the UK’s biological data bank further aiding scientific discoveries that help human health, and up to £250 million to incentivise pension schemes to invest…

Ben KempMay 26, 2023

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Chancellor recognises the life science industry as he outlines his plan for growth

The Chancellor, Jeremy Hunt, laid out his plans in a speech last week to inject growth into the ailing British economy. He stated his optimism for the economy’s future, noting that the Golden Triangle – London, Cambridge and Oxford – has the largest number of tech businesses in the world outside San Francisco and New York. Mr Hunt then acknowledged…

Natalie CreaneyFebruary 3, 2023

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Chancellor delivers his Autumn Statement: BIVDA Analysis

On Thursday, the Chancellor Jeremy Hunt delivered his much-awaited Autumn Statement aimed at calming the markets and setting the UK on a more sustainable course following a year of global and domestic chaos. In this piece, we will examine the key areas which affect the IVD industry going forward. Evidently, while the overall theme of the statement was that of…

Natalie CreaneyNovember 18, 2022

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Chancellor lays out Growth Plan and further ministerial updates

Chancellor Kwasi Kwarteng has today unveiled his new Growth Plan in Parliament – we will provide a full summary, and what it means for the life sciences industry, next week. Among the flagship tax cuts on income tax and the cancellation of corporation tax rises, the Chancellor also pledged to provide up to £500 million to support new innovative funds…

Natalie CreaneySeptember 23, 2022