New research, commissioned by Milton Park, reveals that £2.14bn of equity investment was generated across 272 companies located at the science, technology and business community over the past decade.
The findings uncovered by high-growth insights firm Beauhurst, show that life science companies at Milton Park secured an impressive 7.56 per cent of the UK’s total equity investment in the sector, equating to £953m. In 2021 alone, £842m of investment was generated – representing a golden age of life sciences, with Immunocore raising £189m, followed by £226m for Exscientia, both of which are listed on the NASDAQ stock exchange.
The green energy sector has also gone from strength-to-strength at the Park, featuring companies including fusion energy technology firm Tokamak Energy and battery technology specialist Nexeon. Since 2013, a total of £136m equity investment has been secured by Milton Park companies working in the green energy sector while £18.4m worth of grants have also been awarded.
Further analysis shows that of the 57 high-growth companies based at Milton Park, 12 have spun out from academic institutions. The most popular sectors for high-growth companies include pharmaceuticals and technology, featuring established companies OBS Medical and APEM alongside venture stage firms, such as Isansys Lifecare.
The latest figures show the combined turnover from companies at Milton Park reached £10.8b, while £68.3m of grant funding was secured over the past ten years. The publication of the Beauhurst findings coincide with the launch of the government’s plan to cement the UK’s place as a science and technology superpower by 2030
The findings in this report demonstrate Milton Park’s impressive contribution towards Oxfordshire’s world-leading innovation cluster. The increasing number of high-growth companies we’re seeing across the county are pivotal to ensuring global advances are continued to be made across life sciences, technology and energy while at the same time supporting both our local communities and UK PLC. Promoting sustainable economic growth is going to be key to realising the potential of the talent and innovation we’re privileged to have across Oxfordshire.
Nigel Tipple, Chief Executive at Oxfordshire Local Enterprise Partnership (OxLEP)
Set within the ‘Golden Triangle’ of leading UK universities, companies located at Milton Park gain unrivalled access to an abundance of global-leading skills and talent, while also offering fertile ground for university-spinouts.
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