New life sciences investment helps build stronger B.C.

More British Columbians and people around the world will benefit from the life-changing work of B.C.’s world-renowned life sciences sector thanks to a significant investment in health research.

As announced in Budget 2022 and aligned with the StrongerBC Economic Plan commitment to position the province as a hub for life sciences and biomanufacturing, the Province is providing nearly $195 million in grant funding to Michael Smith Health Research BC (Health Research BC) and Genome BC.

"B.C. has so much to be proud of as we come through the last two years of the pandemic as a global leader in new health technologies, treatments and vaccines," said Ravi Kahlon, Minister of Jobs, Economic Recovery and Innovation. "This new funding is a significant step to establishing a life sciences hub to support the sector’s growth and diversification and to anchor B.C. as a worldwide leader and developer of new talent, research capacity and life-changing innovation. Life sciences is a powerful sector that touches every part of our lives – from health to the environment to food security, natural resources and more. This is what our economic plan is all about – it’s about building a strong, sustainable province that works for everyone."

The Province is investing $116.6 million in funding to Health Research BC and another $78 million to Genome BC. These grants will support research in health, agriculture, clean technology and climate change, while also strengthening B.C.’s pandemic and emergency preparedness. The grants will also help attract, develop and retain research talent and support job creation and health research employment and training in B.C.

"B.C.’s life sciences research and companies continue to receive international recognition for playing a key role in the development of new technologies and treatments," said Adrian Dix, Minister of Health. "By expanding our investments here at home, we are ensuring our public health experts continue to receive world-class research to protect the health and safety of British Columbians while guaranteeing B.C. remains a global leader in research and innovation."