Financial Times FT.com

Labour to give £10bn to boost research

By Jean Eaglesham in London

Published: March 6 2005 22:02 | Last updated: March 6 2005 22:02

Tony Blair, UK prime minister, will on Monday highlight his determination to promote Britain as a centre for life sciences, awarding more than £1bn to stem cell and other biotechnology research, under a three-year £10bn (€14.5bn) spending plan for science.

The decision to give controversial biotechnology research £1bn-plus of the science spending pot increasing the annual budget from £287m in this financial year to £381m by 2007-08 is part of a strategy to exploit the relatively favourable legal climate in Britain for such work.

tony blair

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