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Evening Standard
Evening Standard
Business
Joanna Hodgson

UK lab space demand to rise after Budget boost for life sciences

United Kingdom British Land Cambridge CBRE London Oxford

The property sector is expecting higher demand for lab space this year, after the Chancellor unveiled measures that will put “extra firepower” behind the life sciences industry to expand.

Jeremy Hunt’s Spring Budget said boosting the supply of commercial development, in particular lab space, “is key to supporting R&D (research and development) needs and driving investment into high value industries across England”.

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