Companies announce major investment in Northern Powerhouse, home to 21% of UK's life science workforce
The Government has revealed ¬£1.6billion of planned industry investment in the North‚Äôs life sciences sector in its Industrial Strategy Life Sciences Sector Deal.
The figures gathered by the Northern Health Science Alliance look at investments which will be made across the North of England over the next five years.
The Northern Powerhouse is home to 21% of the total UK life science sector workforce, and has grown by more than 9% to over 50,000 employees since 2012.
Latest figures for 2017 show the value of this sector in the North to be over ¬£13.6billion.
The Government‚Äôs sector deal also reveals a key investment by global health technology and human data sciences company, IQVIA, of ¬£24m in a new ‚Äėprime site‚Äô in the North of England.
Professor David Burn, chairman of the Northern Health Science Alliance, said: ‚ÄúThe Northern Health Science Alliance has identified ¬£1.6billion of planned investment in the North of England over the next five years and because of this we are pleased to see the Government recognise the North as a ‚Äėsignificant, growing cluster‚Äô.
The industry welcomes a focus on the life sciences sector and encourages a continued focus on rebalancing Government investment into the North
‚ÄúWe look forward to continuing to work with the Department of International Trade and the Office for Life Sciences to grow expertise, jobs and investment in the North of England‚Äôs vibrant life sciences sector.‚ÄĚ
Geoff Davison chief executive of BioNow, added: ‚ÄúThese investments demonstrate the commitment of industry to invest in the North of England and the importance of this part of the country to the wider UK.
‚ÄúCompanies based here cover the whole value chain from discovery to manufacturing and are well placed to be part of revolutionising healthcare into the future.
"The industry welcomes a focus on the life sciences sector and encourages a continued focus on rebalancing Government investment into the North.‚ÄĚ
Investments identified include:
These investments demonstrate the commitment of industry to invest in the North of England and the importance of this part of the country to the wider UK