One of the biggest investment companies in America is going to invest £850million to create new life sciences laboratories and office space in Cambridge, which is going to drive up the need for life science recruitment agencies in the UK, as the enormous investment is set to support up to 2,700 new jobs.
The investment, via Blackstone’s BioMed Realty company, is acquiring two sites in England’s famous university city, and will create approximately 800,000sq ft. of space that will help address a lack of available capacity in the booming life science sector.
“If Britain is to foster a new golden era for life sciences, we must ensure that the brilliant scientists across the country have the funding,” said Stephen Schwarzman, Chairman and Chief Executive of Blackstone, “[as well as the] labs they need to conduct their research, and that innovative companies have the space to set up, grow and maintain their businesses.”
The investment from Blackstone comes amid surging interest in Britain’s life sciences, a sector that has generated increased interest since the pandemic, producing around £80billion in revenue per year and employing over a quarter of a million people.
Prime Minister Boris Johnson said he will “hail” the trading relationship between the UK and the US:
“[It is] no surprise that when American companies look to expand and collaborate internationally they so often look to the UK, and vice versa,” Johnson said. “Every American dollar spent in the UK is creating jobs around the country and boosting the UK’s reputation in crucial and highly skilled areas like health and scientific research.”
If you’re looking for life science recruitment agencies in the UK, please get in touch with us today.