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Wellcome Trust funds soar

4th February 2008

The Wellcome Trust has said it will increase its spending by 60% over the next five years.

The charity will spend £650m annually, with an additional dividend of £500m. This equates to £4bn over five years. The dividend will be spend on "big projects", including the Health Research Innovation Challenge Fund, a new partnership with the Department of Health.

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Article Information

Title: Wellcome Trust funds soar
Author: Jess Laurence
Article Id: 5534
Date Added: 4th Feb 2008

Sources

Press Watch

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