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UK Life Science Sector Optimistic About Labour Victory
8th July 2024
The life sciences sector will be looking on Keir Starmer’s party to deliver on several development and expansion pledges following the Labour party’s victory across the United Kingdom, as the nation transitions to a new government for the first time in 14 years.
In an effort to maintain the sector’s competitiveness in the face of the UK’s gradual decline in importance within the medical equipment and clinical trials instances, the Labour Party released its “Prescription for Growth” in February 2024. This plan is an official blueprint for the investment and revitalization of the NHS together with the nation’s life science industries.
The Labour government has promised to: “strengthen the Office for Life Sciences, so that it is politically empowered to truly drive delivery across government.”
As well as Labour promised “a more certain funding environment and a more streamlined funding process, to end Tory short-termism and attract long-term investment. We will set ten-year budgets for key R&D institutions.”