The Government has revealed £1.6billion of planned industry investment in the North’s 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’s sector deal also reveals a key investment by global health technology and human data sciences company, IQVIA, of £24m in a new ‘prime site’ in the North of England.
Professor David Burn, chairman of the Northern Health Science Alliance, said: “The 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 ‘significant, growing cluster’.
The industry welcomes a focus on the life sciences sector and encourages a continued focus on rebalancing Government investment into the North
“We 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’s vibrant life sciences sector.”
Geoff Davison chief executive of BioNow, added: “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.
“Companies 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.”
Investments identified include:
- Fujifilm Diosynth in Tees Valley has invested £5.7m this year, building on a £6.7m investment made in 2017 in high-throughput process development of monoclonal antibodies, which will support its growing portfolio of projects to develop and manufacture life-changing medicines for its clients
- Liverpool and Northumbria are now home to two of Proton Partners’ International Rutherford Cancer Centres with an initial investment of £70m, with Rutherford Diagnostics recently announcing a £15m diagnostic centre in the Liverpool Knowledge Quarter
- QIAGEN is working with Health Innovation Manchester to develop a world-leading genomics campus in the heart of Manchester’s health innovation district. The new Genomic Health Innovation Campus aims to attract a cluster of companies to Manchester to drive pioneering research and development. The investment will create 250 new jobs while supporting more than 1,000 jobs indirectly in the Manchester corridor
- The Leeds Medtech Hub has secured £70m towards its £250m investment target and its Nexus Centre is nearing completion. Alongside this, £15m has been secured to deliver connected electronic patient records and a further £9.5m to back Grow Medtech and its 20 new partners who will support work to deliver early-stage medical technology innovation
- At Sheffield Olympic Legacy Park, good progress has been made on plans for an orthopaedic and rehabilitation, research and innovation centre and a centre of child health and technology
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