Life Sciences

Most important science cluster in Europe – 6,850 life science businesses in the UK⁽¹⁾

Global leader on VC funding per capita – Cambridge leads the ranking and London and Oxford sit within the top 5⁽²⁾

Lab availability low – 1.3% in Cambridge ⁽³⁾

Supply shortage – 21m sq ft of new space required in the UK for life science over the next decade⁽²⁾

Take-up ahead of the five-year average – 1.3m sq ft recorded in the Golden Triangle from life science companies in 2023⁽⁴⁾

Strong lab rental growth forecasts – 4.3% p.a. in Cambridge and 3.0% p.a. in Oxford until 2029⁽⁵⁾