Kit Malthouse – 2016 Parliamentary Question to the Department for Business, Innovation and Skills

The below Parliamentary question was asked by Kit Malthouse on 2016-01-26.

To ask the Secretary of State for Business, Innovation and Skills, what steps he is taking to maintain the UK’s position as a market for investment by global pharmaceutical companies.

George Freeman

This Government is committed to maintaining and building on the UK’s position as a leader in the global market for investment in health and life sciences – the UK is the number one destination for life science FDI in Europe, and pharmaceutical exports grew 23% in the first three quarters of 2015. Through the Life Sciences Strategy we are working across Government to improve the UK’s competitiveness to stimulate investment, including by protecting the ring-fenced science budget in real terms and increasing funding in real terms to the Catapults which play a key role in commercialising innovation.