Steve McCabe, MP for Birmingham Selly Oak is calling on the Chancellor to invest in Birmingham Life Science’s Park as part of the Life Sciences Investment Programme.
The Chancellor of the Exchequer, Rishi Sunak, in his first budget announced that he will be providing the British Business Bank with £200 million for a new dedicated equity investment programme to support UK life science innovations.
The Birmingham’s Life Sciences Park, in Selly Oak, is seeking to pioneer new research and align with broader life sciences expertise and infrastructure across the West Midlands. The Life Science’s Park will help establish Birmingham as a leading economic hub for life sciences and supply growth and development in the local area.
Steve McCabe MP said:
“Following the Chancellor’s big spending plans, I hope to see local facilities such as Birmingham Life Science’s Park, receiving the funding and support they need. Birmingham deserves clear investment in life sciences in order to expand the pioneering work already being done in the region. That’s what levelling up really means. The Chancellor has thrown around big numbers and lots of promises, the test will be whether or not he backs Life Sciences research and jobs here in Birmingham. I’ve heard all the slogans, now I want some clear investment to support the brilliant innovation that we are capable of here in Selly Oak.”