Wellcome pledges £16bn for research over next decade

High investment returns prompt “ambitious” spending plans at UK’s largest charity

The Wellcome Trust is planning to spend £16 billion on research over the next decade, following its most significant return on investments for 25 years.

Wellcome’s investment portfolio has grown from roughly £29bn in 2020 to £38.2bn, prompting the trust to pledge an “ambitious” level of funding for its new strategy.