A Liverpool millionaire has donated £50m to help cure type 1 diabetes.
Steve Morgan, the founder of housing firm Redrow, will make the donation through the Steve Morgan Foundation. It is the largest-ever single gift in the UK for diabetes research, reports BusinessLive.
The donation will fund the SMF Type 1 Diabetes Grand Challenge over five years. This will "cultivate collaboration" between researchers, scientific organisations and diabetes charities to "drive innovation and accelerate research breakthroughs worldwide" and will be led by Diabetes UK and JDRF UK.