Department for Business, Innovation and Skills written question – answered on 27th November 2015.

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Photo of Andrew Gwynne Andrew Gwynne Shadow Minister (Health)

To ask the Secretary of State for Business, Innovation and Skills, whether he has made an assessment of the effect of the Government's Strategy for UK Life Sciences, published in December 2011, on the UK life sciences sector.

Photo of George Freeman George Freeman The Parliamentary Under-Secretary of State for Business, Innovation and Skills, The Parliamentary Under-Secretary of State for Health

The UK has one of the strongest and most productive life sciences industries in the world, generating turnover of over £56 billion per annum and ranking top in major European economies for health life sciences foreign direct investment projects.

Since the launch of the Governments Life Science Strategy in 2011, the Government has invested almost £1billion in health and life sciences and has attracted over £3.5 billion of private sector investment to the UK, making us the leading European destination for life science fundraising.

Our ambition is to maximise the UK’s strengths in science and research to accelerate the development and adoption of 21st Century health science technology, delivering the best health outcomes and increasing wider growth and prosperity.

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