Several of the UK’s biggest health authorities have joined forces to announce £1bn of funding for Francis Crick Institute.
The Medical Research Council (MRC), Cancer Research UK (CRUK) and Wellcome said the funding for the biomedical research center was an investment in securing the UK’s future as a research centre.
Crick was founded in 2015 with the goal of learning more about how living things work to transform the treatment, diagnosis and prevention of human disease.
Some of the center’s biggest achievements include determining how treatment can prevent lung cancer and the discovery of a new vaccine against tuberculosis.
The £1bn of new investment is to fund the center over the next seven years.
Business secretary Kwasi Kwarteng said: “From the invention of penicillin and the first successful blood transfusion to the ground-breaking coronavirus vaccination developed by Oxford scientists, the UK has an impressive heritage in the life sciences.
“I am therefore delighted that the Government has been able to make a significant contribution to this £1bn investment for the brilliant Francis Crick Institute.
“This funding will support the excellent research they carry out to advance biomedical discoveries and develop new approaches to fighting disease, strengthening the UK’s future as a scientific superpower.”
“For the UK to be a global scientific power, we must also be collaborators in the international scientific community and it is critical that we maintain our existing strong links with scientists in Europe.”