LONDON (Reuters) - Stem cell research in Britain is set to get a cash injection from the government, underpinning the country's leading position in the controversial field, the head of the UK Stem Cell Foundation said on Thursday.
"The Chancellor will make an announcement tomorrow on stem cell funding in the UK," David Macauley, the foundation's chief executive, told a biotechnology conference.
A spokesman for Chancellor of the Exchequer Gordon Brown, Britain's finance minister, declined to comment.
Scientists say Britain has one of the world's best regulatory environments for research into stem cells, which have the potential to provide new treatments for illnesses ranging from diabetes to spinal cord injuries to Alzheimer's disease. But there is a lack of funding to develop the technology.
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