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The British In Vitro Diagnostic Association (BIVDA) welcomes the Chancellor’s continued support for business and science. £600M additional spending on science infrastructure will be welcomed by the UK’s IVD sector employees who work in research and development. It will help Britain maintain its position as a world leader in science research. Additionally, BIVDA welcomes cuts in business taxes and the establishment of a new business bank which will lend to SMEs. Over 90% of the British IVD sector is made up of SMEs and access to finance can still be a major barrier to innovation.
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