UK biotech boom: 65% growth in UK's R&D, report says

22 March 2019

Despite Brexit uncertainty, investment in the UK’s biotech sector has gone up 65% since 2016, with annual investment reaching £2.2 billion ($2.9 billion) in 2018.

According to new analysis by investment management firm, Downing, UK biotech is flourishing and attracting record levels of funding.

Venture capital has contributed 51% of the investment from 2016 to 2018, increasing by 63% from the total of £681 million in 2016, to last year’s £1.1 billion.

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