What is happening to medical science in the UK?
You might think its booming - because of all the Covid trials. The truth is, it& #39;s facing a crisis that could be devastating for patients, future patients and the UK.
A thread of new @IPPR research
Today, @IPPR release a new report: #ResearchAtRisk
£7.8 billion of research has been put at risk by Covid (to 2027). The biggest share (£5.3bn) comes down to lost charity fundraising income.
Ultimately, this would mean less treatments for us all.
https://www.ippr.org/files/2020-10/research-at-risk-oct20.pdf">https://www.ippr.org/files/202...
£7.8 billion of research has been put at risk by Covid (to 2027). The biggest share (£5.3bn) comes down to lost charity fundraising income.
Ultimately, this would mean less treatments for us all.
https://www.ippr.org/files/2020-10/research-at-risk-oct20.pdf">https://www.ippr.org/files/202...
There are three Covid risks to medical science
1. Less direct charity investment (£1.4 - £4.0 billion at risk)
2. Less & #39;crowded-in& #39; investment (£0.6 - £1.3 billion at risk)
3. Less investment from global investors, due to adverse economic conditions (£2.5 billion at risk)
1. Less direct charity investment (£1.4 - £4.0 billion at risk)
2. Less & #39;crowded-in& #39; investment (£0.6 - £1.3 billion at risk)
3. Less investment from global investors, due to adverse economic conditions (£2.5 billion at risk)
The government have pledged to get R&D investment to 2.4 per cent of GDP by 2027. That& #39;s their UK & #39;science superpower& #39;.
That ambition is now at existential risk.
We& #39;d need life science investment to get to £14.5 billion/year by 2027 - not unrealistic as of January.
That ambition is now at existential risk.
We& #39;d need life science investment to get to £14.5 billion/year by 2027 - not unrealistic as of January.
Now, our model says we& #39;ll be between £1.4 billion and £2 billion short PER YEAR in 2027.
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🧪" title="Test tube" aria-label="Emoji: Test tube">Thats bad for life saving treatments
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🧪" title="Test tube" aria-label="Emoji: Test tube">
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👷♂️" title="Man construction worker" aria-label="Emoji: Man construction worker">
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🏗️" title="Gebäude im Bau" aria-label="Emoji: Gebäude im Bau">That& #39;s bad for economic productivity
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🏗️" title="Gebäude im Bau" aria-label="Emoji: Gebäude im Bau">
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👷♂️" title="Man construction worker" aria-label="Emoji: Man construction worker">
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👩🔬" title="Woman scientist" aria-label="Emoji: Woman scientist">
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👨🔬" title="Man scientist" aria-label="Emoji: Man scientist">
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🧑🔬" title="Scientist" aria-label="Emoji: Scientist"> That& #39;s bad for high paid, skilled jobs
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🧑🔬" title="Scientist" aria-label="Emoji: Scientist">
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👨🔬" title="Man scientist" aria-label="Emoji: Man scientist">
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👩🔬" title="Woman scientist" aria-label="Emoji: Woman scientist">
It& #39;s also bad for diversity in the UK research eco-system
Everyone values charities: patients, universities, businesses. They do research other& #39;s wouldn& #39;t, because they& #39;re motivated by patient priorities
That& #39;s often early stage, mission based research which is highly valuable
Everyone values charities: patients, universities, businesses. They do research other& #39;s wouldn& #39;t, because they& #39;re motivated by patient priorities
That& #39;s often early stage, mission based research which is highly valuable
We recommend a life science charity partnership fund to support the sector over three years - with the amounts below.
And we recommend the UK government invests in UK life science - its infrastructure, its clinical research capacity, its skills.
And we recommend the UK government invests in UK life science - its infrastructure, its clinical research capacity, its skills.
Good to see @labourpress and @ChiOnwurah back our research and policy calls this morning.
"Today’s IPPR report emphasises the existential crisis facing the UK’s research sector with billions in medical research spending at risk." https://labour.org.uk/press/chi-onwurah-comments-on-the-ipprs-report-into-the-impact-of-covid-19-on-medical-research/">https://labour.org.uk/press/chi...
"Today’s IPPR report emphasises the existential crisis facing the UK’s research sector with billions in medical research spending at risk." https://labour.org.uk/press/chi-onwurah-comments-on-the-ipprs-report-into-the-impact-of-covid-19-on-medical-research/">https://labour.org.uk/press/chi...
Read all about it in today& #39;s Guardian https://www.theguardian.com/society/2020/oct/23/covid-slump-in-medical-charity-donations-puts-research-at-risk">https://www.theguardian.com/society/2...
In About Manchester: https://aboutmanchester.co.uk/uk-could-lose-up-to-7-8-billion-of-medical-research-funding-because-of-covid-19-pandemic/
On">https://aboutmanchester.co.uk/uk-could-... Yahoo https://uk.finance.yahoo.com/news/coronavirus-uk-charity-sector-set-to-lose-78-bn-for-medical-research-230154006.html
From">https://uk.finance.yahoo.com/news/coro... Cancer Research UK: https://www.cancerresearchuk.org/about-us/cancer-news/news-report/2020-10-23-uk-could-lose-up-to-ps78-billion-of-medical-research-funding-because-of-covid-19-pandemic">https://www.cancerresearchuk.org/about-us/...
On">https://aboutmanchester.co.uk/uk-could-... Yahoo https://uk.finance.yahoo.com/news/coronavirus-uk-charity-sector-set-to-lose-78-bn-for-medical-research-230154006.html
From">https://uk.finance.yahoo.com/news/coro... Cancer Research UK: https://www.cancerresearchuk.org/about-us/cancer-news/news-report/2020-10-23-uk-could-lose-up-to-ps78-billion-of-medical-research-funding-because-of-covid-19-pandemic">https://www.cancerresearchuk.org/about-us/...
In Third Sector https://www.thirdsector.co.uk/charity-fundraising-drop-wipe-billions-off-research-spend-report-warns/fundraising/article/1698102
In">https://www.thirdsector.co.uk/charity-f... Health Business UK: https://healthbusinessuk.net/news/23102020/uk-could-lose-£78bn-medical-research-funding">https://healthbusinessuk.net/news/2310...
In">https://www.thirdsector.co.uk/charity-f... Health Business UK: https://healthbusinessuk.net/news/23102020/uk-could-lose-£78bn-medical-research-funding">https://healthbusinessuk.net/news/2310...