4 July 2012
Speaking during Prime Minister’s Questions, George Freeman welcomes the £1 billion that has been raised in the last six months for start-ups in the life science sector.
George Freeman (Mid Norfolk) (Con): Will the Prime Minister join me in welcoming the news that over £1 billion has been raised in the last six months for start-ups in our life science sector—more than in the last three years combined? Does he agree that this is a massive statement of confidence in our innovation economy and in our policies to make Britain a place to do business?
The Prime Minister: My hon. Friend has a close interest in life sciences and pharmaceutical industries, and knows a lot about what he speaks. One of the successes with part of the EU patent court coming to London is that the patents that cover life sciences, pharmaceuticals and similar industries will be in London as well. That means many, many jobs and tens of millions of pounds of investment in this industry and in our capital city.
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George Freeman (Mid Norfolk) (Con): Will the Prime Minister join me in welcoming the news that over £1 billion has been raised in the last six months for start-ups in our life science sector—more than in the last three years combined? Does he agree that this is a massive statement of confidence in our innovation economy and in our policies to make Britain a place to do business?
The Prime Minister: My hon. Friend has a close interest in life sciences and pharmaceutical industries, and knows a lot about what he speaks. One of the successes with part of the EU patent court coming to London is that the patents that cover life sciences, pharmaceuticals and similar industries will be in London as well. That means many, many jobs and tens of millions of pounds of investment in this industry and in our capital city.
| Hansard
