Life sciences contributed £43.3 billion to UK economy in 2021

The life sciences sector contributed £43.3 billion ($52.6 billion) to the UK economy in 2021 through production of goods and services, with pharma manufacturing responsible for a majority of £19.2 billion.

So says analysis from accounting giant PwC in its Life Sciences Future50 report, which identifies 50 UK firms seeking to tackle challenging problems in the human health and science space.

"It is critical that we boost the availability of late-stage funding and infrastructure capacity to enable these companies to flourish"The sector has seen strong growth since before the pandemic in 2019, with a 17.6% rise from £36.9 billion in gross value added (GVA) in two years, the analysis found.