The number of life sciences start-ups and spin-outs is up by nearly a quarter across the UK, but lagging somewhat in Scotland.
The latest report from property investor JLL and life sciences developer We are Pioneer Group shows a significant uptick from the last time it surveyed the industry in 2019, but the disparity between UK growth as a whole and the level pegging in Scotland is largely put down to a fall in the number of companies being spun-out from Scottish universities.
While Scottish universities continue to contribute around 33% of the total start-ups in the sector, this figure is down significantly from nearly 50% in the 2019 report.
