Data on the number of companies that fail to secure funding in the UK but successfully access capital in the US.

Background

The analysis team is responsible for two datasets on life sciences activity in the UK and how it compares with other countries. One of its publications, the Bioscience and health technology sector statistics, is an official statistic and captures a detailed breakdown of where life sciences activity occurs in the UK, as well as key economic indicators such as employment and turnover. The analysis team is also responsible for publishing the Life sciences competitiveness indicators, a publication which tracks UK performance against international comparators. These two publications form the bulk of the evidence base that supports OLS policy making and key facts and figures for stakeholders. One of the ambitions of the team is to expand the range of data collected on activity in the sector to encompass a broader range of economic indicators, including Gross Value Added, R&D spending, Wages, and workforce statistics, among others.

In addition to this critical evidence base, OLS is also interested in key research questions and evidence to support the development of policy for the Life Sciences Missions, a set of disease and intervention areas identified in the Life Sciences Vision as key areas of intervention to help the NHS to solve some of the biggest healthcare problems of our generation. These range from establishing a strong evidence base on incidence and its regional distribution to identifying potential innovative technologies that could address them. Additionally, the analysis team is also very interested in deepening our understanding of the economic impact and possibilities of the broad area of genomics, as well as understanding the economic impacts and societal benefits that accrue from conducting clinical trials and other forms of R&D in the life sciences.

On the regulatory front, OLS would like to expand its understanding of the main regulatory barriers to the approval and roll-out of new, innovative technologies, as well as understanding the costs and benefits associated with these regulations. We have a limited evidence base for some products but would like to expand that understanding to be better able to assess the impact of specific regulatory interventions. We would also like to have more comprehensive data on the introduction and adoption of these technologies across the country and through the NHS.

On the investment front, we are particularly interested in building a more comprehensive evidence base on the determinants of investment in both manufacturing and R&D facilities, and how elements of both the commercial and business environment affects company location and investment decisions.

Finally, we are very interested in developing a more comprehensive understanding of the manufacturing landscape in the UK, from being able to interrogate the pipeline of new products and innovations in development, to establishing the UK’s manufacturing capabilities for health and supply chain resilience, as well as understanding key challenges faced by companies in terms of access to skilled workers and finance across the country.

Next steps

If you are keen to register your interest in working and connecting with DSIT Digital Technology and Telecoms Group and/or submitting evidence, then please complete the DSIT-ARI Evidence survey - https://dsit.qualtrics.com/jfe/form/SV_cDfmK2OukVAnirs.
Please view full details: https://www.gov.uk/government/publications/department-for-science-innovation-and-technology-areas-of-research-interest/dsit-areas-of-research-interest-2024

Related UKRI funded projects


  • Better measurement of the complementarity between UK public, charity and private medical research

    Getting benefits from medical research in terms of preventing or treating illness, advancing scientific knowledge and generating economic wealth often, though not always, involves private industry. The private sector bui...

    Funded by: MRC

    Lead research organisation: King's College London

    Why might this be relevant?

    Partially relevant as it focuses on the complementarity between public/charity funded medical research and private sector R&D, but does not specifically address companies failing to secure funding in the UK.

  • Experomental Medicine Network of Excellence

    The UK Science base is recognised as internationally excellent and the translation of this excellence into improvements in clinical practice is essential to ensure the continued delivery of UK economic and health benefit...

    Funded by: Innovate UK

    Lead research organisation: UNIVERSITY OF BIRMINGHAM

    Why might this be relevant?

    Partially relevant as it addresses factors limiting the translation of scientific excellence into clinical practice, but does not specifically focus on companies failing to secure funding in the UK.

  • British Regen Industry Tool Set (BRITS)

    The British Regen Industry Tool Set (BRITS) is an industry driven project aimed at establishing reliable market data and creating both detailed bioprocess economics models and higher level business models for integration...

    Funded by: Innovate UK

    Lead research organisation: LONZA BIOLOGICS PLC

    Why might this be relevant?

    Not relevant as it focuses on establishing market data and bioprocess economics models for the cell therapy industry, not related to companies failing to secure funding in the UK.

  • West Midlands HealthTech/MedTech ‘6D’ Innovation Accelerator

    The Healthcare Technology and Medical Technology sectors are currently worth £17billion per annum to the UK, and with the ageing population and poor health following the pandemic, are projected to grow to £21...

    Funded by: Innovate UK

    Lead research organisation: UNIVERSITY OF BIRMINGHAM

  • State strategies of governance in global biomedical innovation: the impact of China and India

    The aim of this research is to examine the nature and impact of China and India's strategies on the governance of biomedical innovation at national, regional and global levels and the implications for UK policy. Medical ...

    Funded by: ESRC

    Lead research organisation: King's College London

  • An innovative all-in-one, cost-effective solution to enhancing the connection between innovators and investors in the Life Sciences and Healthcare Sectors.

    Founded by David D'Alton and Rupert Lewis, Oyster Venture Partners Ltd is a rapidly growing British SME in the life sciences and healthcare sector. It aims to achieve near-total automation of the previously cumbersome an...

    Funded by: Innovate UK

    Lead research organisation: OYSTER VENTURE PARTNERS LIMITED

  • Stevenage Bioscience Park

    Stevenage Bioscience Catalyst campus is a unique bioscience community created to provide small biotech and life sciences companies and start-ups with access to the expertise, networks and scientific facilities traditiona...

    Funded by: Innovate UK

    Lead research organisation: STEVENAGE BIOSCIENCE CATALYST

  • Regenerative medicine value systems: navigating the uncertainties

    Delivery of tools to navigate the regen med uncertainties. VALUE has delivered tools for developers, manufactures and funders to understand regulatory requirements, supply chain logistics and reimbursement decision proce...

    Funded by: Innovate UK

    Lead research organisation: BIOLATRIS LIMITED

  • Investigation of the impact of co-location: economies of scope and scale in biomedical and health research

    It is important to achieve the best outcomes from public sector investments in medical research. To do this, research funders need to understand where they should invest the limited funds they have available to maximise ...

    Funded by: MRC

    Lead research organisation: RAND Europe

  • Rosalind Franklin Institute : Establishment Phase

    The Life Sciences sector forms a key part of the UK economy: it employs over 220,000 people, contributes significantly to GDP and UK balance of trade, and is crucial for developing leading-edge treatments for patients. I...

    Funded by: EPSRC

    Lead research organisation: Imperial College London

Similar ARIs from other organisations