Report summary

Wellcome Annual Report 2021

Find out how Wellcome performed in 2020/21, with commentaries from our Chair and Director, reports on strategies and activities, and reviews of our finances and investments.

What's inside

  • Reports and financial statements relating to the year from 1 October 2020 to 30 September 2021.

Who this is for

  • Anyone interested in how Wellcome makes money, how we spend it, and what impact our activities have in our mission of improving health.


A new strategy, increased charitable expenditure and a more integrated organisation mean Wellcome is set to enter a new phase.

  • In 2020/21, Wellcome spent £1.2 billion on charitable activities to improve health through science.
  • We plan to spend £16 billion over the next ten years supporting science to solve the urgent health challenges facing everyone, following record returns on our investment portfolio.
  • Three new funding schemes launched in August 2021 to enable researchers to be ambitious in their search for new insights into life, health and wellbeing.
  • Wellcome’s role at the intersection of science and global politics continued throughout the year in the response to the Covid-19 pandemic.
  • We have set ambitious targets to increase diversity and inclusion in our staff, the people we fund, and the research we support.

“Wellcome is entering a new and exciting phase. Our ambitions are higher, our perspectives broader.”

Jeremy Farrar

Director (2013-2023)



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