Submission to the Labour NPF on delivering growth

BIA has submitted a response on access to medicines to Labour's 2023 National Policy Forum (NPF) consultation.  

In our submission we highlighted that: 

• The life sciences and biotech sector plays a significant part in furthering many of the Labour Party’s aims, including rebooting economic growth, delivering Net Zero, providing high-wage jobs and levelling-up opportunities across all parts of the UK, and improving the health of the nation.
• Our sector is reliant on innovation led by start-ups, which must progress through a long and expensive R&D and growth pipeline. A supportive science and technology policy is critical to their success, as is access to long-term, patient capital.
• We engaged closely with Lord Jim O’Neill’s review and fully support its conclusions and recommendations. We strongly encourage the Labour Party to adopt them in full.
• Furthermore, we encourage the Labour Party to support Innovate UK’s work to drive early-stage R&D and innovation with an expanded budget, which, through sector-specific funding, will allow the next Labour Government to focus on strategically important areas of science and technology, like life sciences.