The Government believes that stem cell research offers enormous potential to deliver new treatments for currently incurable illnesses, like chronic heart disease, diabetes and Parkinson's. The UK shows considerable strength in this area. On the back of rising public funding for medical and bioscience research, and emerging commercial and public health opportunities to translate this R&D into patient benefit, there is a real opportunity now to set a clear direction for the UK's future endeavours in stem cell research.
On 16 March 2005, the Chancellor of the Exchequer announced the establishment of the UK Stem Cell Initiative. The Budget report set out the broad goals of the Initiative: a high-level review, in collaboration with public and private sector stakeholders, to formulate a ten-year vision for UK stem cell research, creating a platform for coordinated public and private funding of research.
- To develop a ten-year vision for UK stem cell research, which seeks to make the UK the most scientifically and commercially productive location for this activity over the coming decade, and which commands the support of public and private research funders, practitioners and commercial partners.
- To present a costed plan to Government and business for implementation over 2006-2015, to inform future public spending reviews and private sector investment planning.
- To identify options for better coordinating and leading UK stem cell research and commercial translation in the coming years.
- To report back to Government (DTI, Department of Health, HM Treasury) by Pre-Budget Report 2005.
UKSCI Secretariat,
Department of Health,
6th Floor North,
Wellington House,
133-155 Waterloo Road,
London SE1 8UG.
Tel: +44 (0)20 7972 4351
Fax: +44 (0)20 7972 4300