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RSA is delighted that the government is listening

RSA is delighted that the government is listening

Nick Stephens, CEO of RSA, global leaders in Life Sciences Executive Search & Interim Management, watched David Cameron’s announcement on Life Sciences at this week’s FT conference.  Like many life sciences leaders he is delighted that the government is listening.  In November, the results of the UK Life Science Industry Leader’s Survey 2011, an annual initiative supported by LifeSciencesUK and sponsored by RSA, revealed that leaders in the life sciences felt that government could be doing more to support the industry.

Commenting on the results of the survey last month, Nick said: “Moving forward, government urgently needs to do more to ensure that education, regulation, access to medicines and the NHS research base align to support the industry’s continued contribution to the UK economy in this field”.

Having interviewed 249 leaders currently working in the global life sciences industries, four key issues stood out above the rest:

1.       The escalating cost of operating in the UK

-          The government has announced an extra &pound495 million capital funding for science this year as well as investing &pound800 million in Biomedical Research Centres

2.       The reorganisation of the NHS and the implications on research and development

-          The government is opening up the NHS to new ideas as part of a plan to make the NHS the driver of innovation in UK life sciences

3.       The regulatory burden on operations and the journey from development to market approval

-          The government is consulting on a new & lsquo;early access scheme’ which could mean brand-new discoveries being administered to patients in the UK before anywhere else in the world

4.       Fiscal and tax incentives to enable small companies to grow and for the UK to compete globally

- The government has announced that from April 2013, a new Patent Box will offer a 10 per cent tax rate on patent profits making the UK a much more attractive place to invest


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