London has a strong base to compete globally in the life sciences industry.
London benefits from a £16bn annual spend in public sector healthcare, research and teaching, and is home to world class healthcare, science, and academic institutions. It has three out of the six academic healthcare science centres in England – all recognised for their world-class research and healthcare educational facilities
London is also home to the support system and regulators that thriving life sciences companies need, including EMA (European Medicines Agency), MHRA (Medicine and Healthcare Products Regulatory Agency), NIHR (National Institute for Health Research) and HTA (Human Tissue Authority).
London is part of the ‘golden triangle’ – the world leading life sciences cluster of London, Oxford, and Cambridge. The city offers a constant stream of international and well-qualified graduates with over 96,700 students reading life sciences subjects at London universities in the academic year 2013/2014.
Indicative of a healthy ecosystem, 2014 saw robust levels of public market activity in healthcare, with £1.25bn raised in life sciences IPOs and follow on offerings on the London Stock Exchange.