Over £800 million to boost innovation, growth and improve patient safety

Patients up and down the country are set to benefit from innovative new treatments and improved delivery of health and care services following significant funding to support ground-breaking experimental medicine research and advance the UK’s response to patient safety challenges.

• £790 million to support breakthroughs in new treatments, diagnostics and medical technology to improve patients’ lives and bolster the economy.
• £25 million for research on patient safety to improve the safe delivery of health and care and better address health challenges, such as cancer treatment and reducing medication error.
• Exceeds funding commitments to boost research across all areas of the country, levelling up innovation and addressing health inequalities.

The government has announced that over £800 million of funding, to be allocated by the National Institute for Health and Care Research (NIHR), will go to support specialist research facilities bringing together scientists to create an environment where experimental medicine and patient safety research can thrive.

This boost to the country’s research infrastructure will see further investment in scientific expertise which supports access to innovative technology and novel research projects. As well as this, it will improve regional economic growth through employment opportunities, giving private sector organisations confidence to continue to invest in research across the country.

Read full story

Source: GOV.UK, 14 October 2022