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North Powerhouse Life Science businesses contribute £10.8bn to the economy

LIFE science businesses in the North Powerhouse region are contributing more than £10.8bn to the economy, helping to supported upwards of 38,000 highly skilled jobs.

This is according to Minister for Life Sciences George Freeman MP who was speaking following the publication of data which showed there are 1,000 life and health science companies in the region, 97% of which are SMEs.

It was also revealed that these companies manufacture and export over £8.1bn of medicinal and pharmaceutical products per year.

Announcing the data at the BioTrinity Conference in London, Freeman said This data shows that the UK’s £56 bn life sciences industry is a powerhouse in the Northern economy.

“Through our life sciences strategy we are creating jobs, opportunities and security across the North. Read More