Highlighting the huge potential of UK bio-based economy in Parliament
The potential of the bioeconomy to generate jobs, economic growth and wellbeing in the UK was highlighted at a meeting in the House of Parliament yesterday. I was very pleased to be asked to host the event, and have it supported by the Biotechnology and Biological Sciences Research Council (BBSRC).
The bioeconomy encompasses a wide range of activities that use bioscience based research or processes to produce products, food, fuel or therapies and is driven by increasing demand. Across Europe the sector already represents a market worth over €1.5 trillion and more than 22 million people are employed in the bioeconomy.
Parliamentarians and invited guests from industry, policy and academia heard from George Freeman and speakers from industry and academia. The speakers discussed the scope for the UK’s world-leading bioscience research base to lead efforts to exploit the huge potential for the UK and how the best researchers are pursuing projects in areas as diverse as basic plant science and food manufacturing processes. Examples of industry working with public funders, such as BBSRC, and the research base were also highlighted.
I was delighted to host this important event showcasing the best of British bioscience in Parliament. As we look to build a sustainable recovery by trading our way out of debt, our Life Sciences and the industrial biotech which underpins them should be right at the heart of the Government’s plan for growth.
I was particularly pleased to see the Norwich Research Park so well represented, highlighting the potential of Life Sciences for the economy of my constituents in Norfolk.