Life Sciences Businesses - Question

Part of the debate – in the House of Lords am 2:57 pm ar 26 Chwefror 2024.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Lord Johnson of Lainston Lord Johnson of Lainston Minister of State (Department for Business and Trade) 2:57, 26 Chwefror 2024

I hope I have answered this to some extent. There is no limit to the amount of work that we can do to get more investment into this sector. It starts from the smallest opportunities at universities, where we can put more money into life science spin-out funds, trying to help the organisations that pool that capital, as I say. It is about trying to establish bases in London for the key life sciences funds from abroad, and working with sovereign wealth funds, the biggest pension funds and the UK pension fund industry to put money into the industry. That is an important start.