Wellcome grew its investment portfolio to £38.2 billion ($52 billion) — an increase of more than a third — in the fiscal year to September 2021.
As a result, Wellcome has announced plans to spend £16 billion over the next decade — an increase of more than 50% on recent spending levels.
According to accounts filed this week, this is the U.K.-based trust’s most successful year since 1995. It caps a decade in which its portfolio roughly tripled in real terms.