Labour unveils new life sciences sector plan in a bid to increase growth

Labour has launched a new life sciences sector plan aimed at boosting research and development investment and creating thousands of jobs. The plan is focused on turbocharging pharmaceutical R&D in Britain, with a goal to increase investment in the sector by £10 billion annually. It also emphasizes the NHS’s role in driving innovation and promises to improve data, funding, and NHS support for innovation. The plan addresses the declining state of the life sciences sector and aims to restore the UK’s global position, highlighting the potential to increase R&D investment by £10 billion annually. The plan has been praised for its ambitious vision, although challenges around building public trust in health data use and achieving long-term budget certainty remain.