Minister in Manchester to announce £40 million funding boost

Business Secretary Vince Cable has visited the Manchester Institute of Biotechnology (MIB) following the announcement of £40million funding into synthetic biology.

The MIB will receive £10.3million to establish the Centre for Synthetic Biology of Fine and Speciality Chemicals (SYNBIOCHEM). This centre will develop new products and methods for drug discovery and production, agricultural chemicals, and new materials for sustainable manufacturing.

Vince Cable calls synthetic biology ‘one of the most promising areas of modern science’ and claims that the funding will ‘improve people’s everyday lives’ and ‘support long-term economic growth’. Read more about the funding.

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