A thriving commercial ecosystem
The life science sector continues to demonstrate year-on-year growth, as a key pillar of London’s thriving economy.
£33.96bn
sector turnover in 2023/24
23% of the UK life sceinces industry turnover
>3,440
life science companies have a presence in London
14.1%
average annual growth in turnover since 2016
The highest concentration
of top 20 pharma R&D sites in Europe
90
new life science spin-outs and start-ups created in London each year
More spin-outs per £ invested than Boston, Los Angeles or New York
12
life science “unicorns” (private value >$1bn) since 2020, more than any other European city
Life science spin outs from London universities, 1989-2022 (annual and cumulative)
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World leading research
An exceptional healthcare system
A supportive environment
A global financial centre
A tapestry of collaboration
National & international connections
A vibrant metropolis
