Blog

11Mar

Budget 2020 Update

The Chancellor, Rishi Sunak, has announced the Budget in Parliament this afternoon. Several policies included in the Budget are of interest to our sector, and these are summarised below. The full Budget document can be found here.
 
Policies include:
 
•    £10 million for boosting levels of COVID19 diagnostic testing, via Public Health England.
•    Confirming £200 million for hospitals to replace old diagnostics equipment.
•    Increasingly the research & development budget to £22 billion a year - 0.8% of GDP.
•    A specific £200 million pot for life sciences research was also announced via the British Business Bank.
•    £400 million for university based research intended primarily for locations outside London and the South East.
•    £30 million more for COVID19 research via NIHR.
•    Also of interest to smaller members of less than 250 employees, the Government will pick up the bill for statutory sick pay if they are to fall ill with the virus.
 

Related

On Monday 12 May, Labour Leader Ed Miliband, unveiled One Nation Labour’s newest policies regarding...

Read More >

Be our Member of the Month!  BIVDA’s Member of the Month is a chance for our members to b...

Read More >

Scientists have begun work on methods to study virus RNA at a single-cell level in order to better u...

Read More >

This week BIVDA has continued our contact with the new Parliament, sending our tailored letters to t...

Read More >

Increasing access to diagnostics hits the headlines again Today (27 November, 2014) a commission est...

Read More >

The Government has been told to improve its performance regarding testing after reports circulated o...

Read More >