One of London’s key assets is the diversity of its economy. Following the last recession, London’s technology sector experienced phenomenal growth firmly anchoring the city as Europe’s leading hub. It seems London is on the cusp of further diversification and growth, and this time it is the life sciences sector that is thriving.
London has always had a well-established life sciences cluster centred on its world class universities and research institutions. However, a fortuitous combination of emerging global trends, new technologies and discoveries, and the recent opening of the Francis Crick Institute provide a scale and momentum that should drive the sector’s rapid expansion.
This report assesses the growth potential of London’s life sciences sector and what this means for the property industry.