The UK has lost a decade of innovation and progress within the life sciences industry through lack of funding. It is estimated that the lack of investment in research & development and manufacturing has potentially cost the UK economy £45.1 billion.
UK think-tank IPPR’s new report “A Lost Decade” which will be published later this year, delves into the state of the current life sciences industry within the UK, placing it within a global context over the past decade. IPPR have chosen to reference analysis conducted by CF in 2019, to determine a tangible impact that renewed investment could have on the UK economy. The stark results of our analysis (above) show the impact a lack of funding has had on the wider UK economy, and our international dominance has declined within the space of a decade.
Read the full analysis on Carnall Farrar’s website