Why do key Life Science industries choose Wales?

“The Welsh life sciences sector is evolving at a record pace. Across the country, pioneering companies, research organisations and academic institutions are acting with a level of dynamism and agility that would be the envy of many nations across the globe.”

Life Science Hub Wales 

Wales is a key hub for Life Sciences and all related medical,  pharmaceutical and healthcare companies. These industries are choosing Wales for compelling reasons: 

• The supportive devolved government is small yet nimble and able to make things happen quickly.¹
• Product funding can be available from Welsh Government for Wales based companies – for example £180,000 was recently awarded to fund an innovative medication management project.²
• One initiative is the Life Sciences Hub Wales (lshubwales.com) where applications can be made for life science or social care funding.¹
• Innovation Wales is at the forefront of AI application investing in new technologies and shared academic excellence to promote innovation in industry and its subsequent growth and development.¹
• The fast-moving Life Sciences sector in Wales is keeping pace with global developments, if not outclassing other UK regions traditionally known for these industries.¹

Wales is now at the forefront for exciting pharmaceutical, biotech, e-health and regenerative medicine businesses in the UK. The UK Trade Secretary, Kemi Badenoch, has recently described them as critical to the growth of the sector in the UK.⁴

The Life Sciences Hub is on a mission to bring together businesses from across the Severn Bridge and beyond.²

“Wales leads the world in life sciences, now it's up to us to promote it as a centre of excellence says Alistair Wardell of Grant Thornton Alistair Wardell at professional advisory firm Grant Thornton says Wales stands out as a place to start or grow a life sciences business”^₃

Join internationally renowned business organisations that are taking advantage of the opportunities available in South West Wales. Business and academia alike are benefiting from the hub of expertise on hand.

The well placed site at Parc Felindre offers new participation in this area for growth, technology and scientific support to nurture your business.

New participation in technology for the future in AI or Life Sciences Wales for your business. 

Contact our agents direct for new business land and more at Parc Felindre available now. 

References 

¹The Royal Society  royalsociety.org
²https://lshubwales.com
³Wales Online
⁴www.gov.uk/news/trade