Health Megafund

Meeting: 
MQT on 2015-07-15
Session date: 
July 15, 2015
Reference: 
2015/2160
Question By: 
Andrew Boff
Organisation: 
GLA Conservatives
Asked Of: 
The Mayor
Category: 

Question

How would your proposed £10 billion health 'megafund', for new drugs and treatment, help to support London's economy and reduce health inequalities?

Answer

Answer for Health Megafund

Answer for Health Megafund

Answered By: 
The Mayor

Officers are currently looking at various options for an innovative life sciences fund, and are liaising with the European Investment Bank. Increasing access to longer term, more patient finance for new drugs and treatments could reasonably be expected to deliver economic growth (through the establishment and growth of life science companies) and improve health benefits (by getting more innovative treatments to market more quickly) for Londoners.