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UK earmarks a further $2.3 billion for its COVID vaccine push

Published by linker 5

Posted on March 1, 2021

1 min read

· Last updated: January 21, 2026

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Image depicting COVID-19 vaccinations in London related to UK vaccine funding - Global Banking & Finance Review
The image showcases the COVID-19 vaccination effort in London, illustrating the UK's commitment to funding an additional $2.3 billion for vaccine distribution and development as part of its economic recovery strategy.
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LONDON (Reuters) – British finance minister Rishi Sunak will announce an extra 1.65 billion pounds ($2.30 billion) to fund the country’s fast vaccination rollout as part of his annual budget statement on Wednesday, the finance ministry said.

“Protecting ourselves against the virus means we will be able to lift restrictions, reopen our economy and focus our attention on creating jobs and stimulating growth,” Sunak said in a statement.

Britain has so far given a first vaccination more than 20 million people, or more than one in three adults, Europe’s fastest vaccination rollout.

“The new money will continue to vaccinate the population and ensure every adult is offered a dose of a vaccine by July 31,” the ministry said.

A further 33 million pounds will be spent on vaccine testing and development to protect against future outbreaks and variants and 22 million pounds will fund a study to test the effectiveness of combinations of different COVID-19 vaccines.

(Writing by William Schomberg; editing by Philippa Fletcher)

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