The Council for Science and Technology has advised the UK Government on boosting finance for innovation in the MedTech sector, recommending reforms to pension funds, improved connections between private and public markets, and the development of specialist skills. These measures aim to enhance funding opportunities, attract talent, and support digital transformation in healthcare, ultimately unlocking access to £4.6 trillion in assets. The Chancellor is expected to adopt these recommendations to foster a more dynamic ecosystem for medical technology innovation.
The UK government is set to invest significantly in research and innovation, with a commitment of £20.4 billion by 2025/2026, aimed at boosting economic growth and productivity. This includes enhancing gigabit internet access, protecting R&D budgets, and supporting transformative technologies in high-growth sectors. The focus on education, skills, and the life sciences sector is expected to foster partnerships that drive advancements in health and technology, ultimately benefiting communities nationwide.
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