Medtechs Applaud UK Life Sciences Fund But Seek Lowering Of £8M Project Threshold

Separate Scheme For Smaller Investments Would Suit Medtechs

02 Nov 2024

The Life Sciences Innovative Manufacturing Fund, set out in the UK budget last month, is live for applications. More UK medtechs would benefit if the cost threshold were scaled down, the industry argues.

The UK’s new Life Sciences Innovative Manufacturing Fund (LSIMF), a capital grants fund to stimulate and encourage life sciences R&D, is open for applications under its first round. Closing date is 29 November. A further three rounds will open on a quarterly schedule in 2025, and more rounds may follow.

The £520m ($670m) fund is aimed at accelerating affordable access to mature, new and emerging products for pandemic and non-pandemic need. It was broadly welcomed when announced in the UK...

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