The Daily Star’s FREE newsletter is spectacular! Sign up today for the best stories straight to your inbox
Boris Johnson has announced a £20million cash boost to the UK's medicine industry in a bid to help Britain fight off future pandemics.
The Prime Minister hopes the fund will create 1,000s of well-paid jobs in medicine manufacturing.
He is set to launch the Medicines and Diagnostic Manufacturing Transformation Fund on a visit to North Wales tomorrow, Monday November 30.
The PM said: "This new £20 million fund will significantly increase the capacity and resilience of our medicines and diagnostics manufacturing supply chains and equip us to fight future health crises.
"Throughout the pandemic we have seen a coming together of British scientific industry and innovation and this new fund will enhance the UK's manufacturing capabilities even further."
The fund is designed to encourage medicine manufacturers to build new UK factories with the latest tech so they can better compete on the global stage.
Eligible manufacturing companies will be able to bid for help with their capital costs when the multi-year fund comes available from next year.
Hairdresser who refused to shut in lockdown hit with £27k fines and summoned to court
Business Secretary Alok Sharma added: "The positive and timely response of our medicines manufacturers to the pandemic has been remarkable, but we want to ensure that the UK's supply chains are even more resilient in the future.
"There are huge opportunities for innovation in medicines and diagnostics, and this new fund will put the UK head and shoulders above others, boosting the UK's capabilities and generating significant economic opportunities across the country."
The UK has suffered the worst Covid death rates in Europe – with more than 58,000 confirmed virus-related deaths so far.
Ministers are pinning their hopes the country will become one of the first in the world to start vaccinating against the virus.
- Boris Johnson
Source: Read Full Article