Today the government has announced its 10-year strategy for key growth industries. Alongside this, the government has committed to publishing a specific sector plan for life sciences in the coming weeks.
Responding to the Industrial Strategy, Prof Siddharthan Chandran, Director of UK DRI said:
"Today's Industrial Strategy is an important milestone in delivering an internationally competitive package that realises the UK's potential as a global leader in research and innovation.
The plan rightly demonstrates a strong commitment to long-term investment that will make the most of UK innovations, driving growth across the country. It is right that we forge ahead and double down on our backing for R&D by creating the most attractive environment for innovative research. At the UK Dementia Research Institute we know that a globally competitive system which supports academic-industry partnerships and spinouts is the way to build a culture of translating research into health and wealth impact. This is about building capacity, recruiting and retaining talent, attracting investment, and accelerating delivery for people living with dementia.
We look forward to seeing this built on in the upcoming Life Sciences Sector Plan and 10 Year Health Plan. By harnessing the UK's scientific excellence and NHS research capability we can deliver growth for the economy and build toward a future of healthy brain ageing for all."