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Reform’s report rightly highlights the need to build on the reputation of the UK life sciences sector, which includes around London, the world’s third largest life sciences cluster.
I have long recognised the importance of the sector to London’s future health and wealth, including it as one of seven key sectors in my 2018 Economic Development Strategy. It will also be included in my forthcoming Local Industrial Strategy. I drive innovation and growth through co-funding MedCity, which works with industry, academia and the NHS - including London’s Academic Health Science Networks, which are responsible for the adoption and spread of innovation. Last April, I officially opened Imperial College London’s fantastic new research hub at White City. London is the world’s leading city for scientific research and development, and our capital is open to innovation and talent.