London is a potential world leader in the life sciences sector, and is well placed to compete internationally. The industry includes biotechnology, pharmaceuticals, and specialist chemicals businesses that not only generate wealth, but also have the ability to alleviate suffering and improve health.
In order to support this high growth sector, the LDA aims to:
- establish the space for life sciences by creating incubators, science parks and other specialist facilities
- build the life sciences cluster by creating support systems, promoting the cluster’s image, promoting inward investment and working with the NHS
- encourage company growth by supporting and unlocking management resources
- bridge the finance gap by enabling access to early stage funding.