The UK Prime Minister, Boris Johnson, has committed an additional £210 million (US$274 million) in new funding for the Coalition for Epidemic Preparedness Innovations (CEPI) to support the search for a vaccine against the virus causing the coronavirus. CEPI have said they need an additional $2 billion from international governments to develop the crucial vaccine. This level of funding could be achieved if all G20 countries contributed $100 million.
The new funding, announced at the G20 Leaders' Summit on the 26th March, makes the UK the biggest international donor to CEPI. To date, they have contributed £250 million (US$327 million).
Press release – UK government