Research commissioned by Advanced Oxford member, Milton Park, reveals that the combined turnover of businesses located at the science, technology and business community totals more than £37bn, generating a significant contribution to the Oxfordshire and wider UK economy.
The findings produced by high-growth insights firm Beauhurst show that 2021 has been a stellar year for businesses at the Park with public and private equity investment reaching a combined £590m between January and October. Milton Park occupiers Adaptimmune, Immunocore, Exscientia, Oxford Immunotec and most recently Evotec have all attracted huge levels of investment through floating on the NASDAQ stock exchange.Take a look at the research here
Figures previously reported in the Financial Times show that total funds raised in the UK life sciences sectors have reached £4.25bn already this year, compared with £2.8bn in 2020. These findings prompted Milton Park to shine a light on the level of investment generated by the businesses it looks after.
Commenting on the research, Philip Campbell, Commercial Director at MEPC Milton Park, said:
“After seeing record levels of investment in life sciences across the world this year, we wanted to put a spotlight on how much of that funding had been raised by companies based at Milton Park. The findings reveal the fantastic contribution that Milton Park companies are making to the booming Oxfordshire cluster.
While innovation remains at the forefront of everything they do, we strive to create an environment that fosters collaboration, breeds creativity, and inspires current and future businesses to do amazing things.
As the focus and investment into life sciences continues to increase, it’s an immense privilege to be working with businesses to support and accommodate their future growth plans and we look forward to announcing exciting new developments to accommodate many more companies in the new future.”
The growing list of achievements by businesses based at Milton Park is backed by its long-term plans for sustainable growth. The Park’s 2040 Vision sets out plans for growth over the next 20 years, from 9,000 people currently working on the site to 20,000. This investment will take the Park from its current position as a leading science and business park to a pioneering research destination and corridor for innovation, all while keeping environmental sustainability front and centre.
Through innovation, collaboration and inspiration, each and every business at Milton Park continues to play their part in supporting the Oxfordshire and UK economy – now and into the future.