The Government will reboot its industrial strategy today with a £160m injection into Britain’s drugs sector, with a major vaccines lab to prepare the country for emergency epidemics among the first initiatives to get support.

Business Secretary Greg Clark and Health Secretary Jeremy Hunt will unveil the funding allocation at a launch event at the University of Birmingham later today.

The £64bn life sciences industry is the first of five sector ‘winners’ to report back after being picked by Theresa May for extra support at the start of the year.

The report’s author, Canadian-British geneticist and immunologist Sir John Bell, will present recommendations designed to turn more of the country’s world-leading science into blockbuster medicines made in Britain.