Life sciences funding 'could support hundreds of businesses'
Date posted: 23 Jul 2009
An institute dedicated to furthering life science technologies in areas such as cancer, obesity and diabetes research has received a new funding injection which could support a number of jobs and businesses.
The Institute of Life Science, based at Swansea University, will receive nearly £30 million of funding from backers including the European Regional Development Convergence Fund and the Welsh Assembly government.
An institute dedicated to furthering life science technologies in areas such as cancer, obesity and diabetes research has received a new funding injection which could support a number of jobs and businesses.
The Institute of Life Science, based at Swansea University, will receive nearly £30 million of funding from backers including the European Regional Development Convergence Fund and the Welsh Assembly government.
In a move that is expected to create up to 650 new jobs, the second phase of the institute's development will incorporate a clinical research centre to help create new healthcare products and technological services.
Ieuan Wyn Jones, deputy first minister of the Welsh Assembly, commented that the development marks a significant step forward for life sciences research.
He commented: "This new phase of the institute will not only create new jobs in the region but it will also have the ability to support hundreds of businesses through technology and research."
The government recently announced a new blueprint to make life sciences technologies and products available to health services more quickly, in a bid to benefit patients.
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