EG quotes Louise Ward on Labour’s strategy for the Life Sciences sector
This week, the Labour party proposed to boost investment in research and development by 10bn a year for the Life Sciences sector.
Proposals include:
- Establishing a regulatory innovation office to hold regulators accountable for delays in bringing innovations to the UK
- A plan to unlock pension funds for investment in innovative businesses
- Replacing the three-year budgets with 10-year budgets for institutions such as UK Research & Innovation
- Ensuring effective use of patient data within the NHS by providing a single access point for researchers to use data from all genomic resources
Louise Ward, Partner, provides comment for EG:
The fact that the Labour Party has invested time and resources into producing a Life Sciences plan is welcome news for the sector, which currently benefits from well-publicised government backing. Having the certainty that this will continue is a shot in the arm for investors, developers, and occupiers.
Read the full article in EG here (subscription required).
