UK life sciences sector productivity double national average

A new report has found that the UK’s life sciences sector is more than twice as productive as the UK average. Read more at European Pharmaceutical Review: https://www.europeanpharmaceuticalreview.com/49147/news/industry-news/uk-life-sciences-sector-productivity-double-national-average/

Mike Price, director at The MPA Group, comments: “The UK’s startling productivity gap is well-known, but it’s heartening to see a sector like Life Sciences – one that’s so focused on innovation – as way ahead of the pack. Making the most of incentives like R&D tax relief, which allow companies to make the most of investment in innovation, could perhaps be one of the catalysts to help solve the productivity puzzle.