Over 400 jobs to be created in East Mids life sciences sector

Over 400 jobs could be created in the East Midlands over the next decade in the life sciences sector, according to new research.

Hundreds of extra jobs and tens of millions of pounds of growth would be added to the region if increases in life science research and development rise in line with government targets, according to research conducted by the Association of the British Pharmaceutical Industry (ABPI).

The ABPI says around 405 extra well-paid, skilled jobs would be created for the East Midlands with the added R&D, along with more than £30m of extra growth, in 2027 alone.

The East Midlands is predicted to outdo the North East in terms of jobs and growth, with the North East predicted to generate £25m of added growth and 337 extra jobs.

The East Midlands figures are projected on the basis that R&D in the region’s life sciences sector will jump from £22m in 2015 to £41m in 2027.