Yorkshire is investment 'hot spot' in life sciences

YORKSHIRE is a "hot spot" for investment in life sciences, according to a new report.
By The Newsroom
Published 21st Sep 2010, 12:56 BST
Updated 21st Sep 2010, 12:56 BST

The UK Life Science Start-up Report 2010, which is published today, calls for public investment to be targeted at four UK "hot spots" including the M1 corridor of Leeds, Sheffield and Nottingham.

Between 2005 and 2009 about half of all life science start-up businesses in Yorkshire received investment. The average investment per company in the region was 500,000.

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Lisa Ward, manager of the Investing in Health programme, which helps Yorkshire's medical technology companies attract investors, said: "Investment in life sciences is essential, and in times of ever decreasing funding, knowing where investment can be the most effective and have the greatest impact is essential.

"This report demonstrates Yorkshire's strength in the sector and will help bring some clarity to investment choices, both with public and private money."

The UK Life Science Start-up Report 2010 is the first comprehensive study of early stage life science firms.

It analyses the levels of university spin-out activity and the spread of early-stage and subsequent investments.

Related topics:YorkshireNottinghamSheffieldLeeds