Charity sets up £50m research fund using largest gift it has received

The Francis Crick Institute (Photograph: Vuk Valcic/Sopa Images/LightRocket via Getty Images)
The Francis Crick Institute (Photograph: Vuk Valcic/Sopa Images/LightRocket via Getty Images)

The research charity the Francis Crick Institute has established a £50m research fund using the biggest philanthropic pledge in its history. 

The charity, which had an income of almost £175m in the year to the end of March 2021, said it had been awarded £50m by the newly-established Chris Banton Foundation, which has been set up by people associated with the hybrid firm the Bloor Group. 

The London-based institute, which was set up in 2015, works to develop understanding of the biology underlying health and disease and looks to translate discoveries into new ways to prevent, diagnose and treat illnesses including cancer, heart disease, stroke, infections and neurodegenerative diseases.  

The Crick said the fund would be used to translate biological discoveries into benefits for society, including the prevention, diagnosis and treatment of disease. 

Véronique Birault, translation director at The Crick, said: “The scientific culture of The Crick means that our researchers always think about the translational potential of their work. 

“This fund will enable Crick scientists to validate early-stage ideas, demonstrate commercial potential and identify industry partners or investors to progress Crick discoveries towards the marketplace.” 

A spokesperson for the Chris Banton Foundation said: “We are delighted to be able to support the early-stage translation of research at The Crick. This fund represents an ongoing partnership with the institute through which we can progress exciting discoveries.” 

Topics:
Fundraising

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