So, we need to move really quickly and really, with a lot, a lot of pace to really make sure we do the right thing now.” “There is huge international competition for that investment. What we now need to do is implement it at pace because we are not the only country in the world that has what is a commercial or an economic opportunity with the life science sector,” he said. “Visions and strategies can only take us so far. However, he issued a warning that the vision must be delivered “at pace” to ensure the UK stays ahead of other players in the market. While Britain’s life sciences industry, which generates £80bn in sales a year and employs more than 250,000 people, is recognised globally for its exemplary research and education strengths, analysts say the country must move fast if it wants to compete with other leading players around the world.ĭr Richard Torbett, chief executive of the Association of the British Pharmaceutical Industry, said he welcomed the life sciences strategy as it sets how that sector can be expanded across every part of the UK through the levelling up agenda. “That is why we are setting out our new Life Sciences Vision to bottle the formula we have developed to tackle Covid and improve health outcomes for patients across the board in the UK, and secure jobs and investment in the process as we build back better.” The country is “indebted to the ingenuity of UK life sciences and its pioneers, with the discovery of the Oxford-AstraZeneca vaccine and the seamless collaboration between our scientists, industry, regulators and NHS saving millions of lives during the pandemic”, Prime Minister Boris Johnson said at the time of the launch. ![]() The strategy aims to solve some of the biggest healthcare problems the UK currently faces, such as cancer and dementia, with the government offering the country’s “most promising life sciences companies” access to the £1bn in funding available through the Life Sciences Investment Programme. In July, the government set out its 10-year UK Life Sciences Vision to build on the success of the country’s Covid-19 response and hasten the delivery of innovative treatment to patients. ![]() Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces meets with The Rt Hon Anne-Marie Trevelyan, Secretary of State for International Trade.
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