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DSIT announces £1bn investment agreement with BioNTech for UK R&D expansion

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Published on: 22 May 2025

Published by LNB News

LNB News 22/05/2025

Document Information

Issue Date: 22 May 2025

Published Date: 22 May 2025

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

The Department for Science, Innovation and Technology (DSIT), along with The Rt Hon Rachel Reeves MP and The Rt Hon Peter Kyle MP, announced that BioNTech will commit up to £1bn over 10 years to invest in the United Kingdom. This substantial investment, underpinned by up to £129m in government support, is designed to expand the life sciences sector and bolster economic growth. BioNTech plans to establish two new research and development hubs, one in Cambridge and an AI hub at its forthcoming UK headquarters in London, which will each generate hundreds of highly skilled jobs in fields including genomics, oncology, structural biology, regenerative medicine, and clinical research.

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