Pharma leader MSD endorses government's Industrial Strategy

Reuters

A white paper published today also confirms government will be pressing ahead with a series of Sector Deals, with construction, life sciences, automotive and AI the first to benefit from these new "strategic and long-term partnerships with government, backed by private sector co-investment.' Work will continue with other sectors on 'transformative sector deals".

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Merck - also known as MSD - said its new hi-tech hub would ensure innovative research into treatments for patients and pioneering medicines were completed in Britain.

Among the headline actions included in the strategy, the government has committed to investing another £725 million over the next three years into the Industrial Strategy Challenge Fund, which aims to enable UK-based research organisations to innovate with business on the "major industrial and societal challenges of our time". The NHS has a proud history of spearheading medical innovation and today's investment in our strong and growing life sciences sector will see patients in the United Kingdom continue to benefit from world-leading research and pioneering medicines.

Our modern Industrial Strategy will shape a stronger and fairer economy for decades to come.

The government wants to position the United Kingdom as a world leader in maximising the value we extract from our resources, strengthening the market for secondary materials and moving towards a more circular economy, its new Industrial Strategy has said. It will drive this sector forward and simultaneously attract other investments into the UK.

Her 255-page white paper - which adopts a hands-on approach to business that had largely been abandoned since the time of Margaret Thatcher in the 1980s - is being seen as an attempt to define her administration beyond Brexit, while also charting a new vision for the United Kingdom as it prepares to leave the European Union.

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The industrial strategy follows hot on the heels of the clean growth strategy (CGS), launched in October. It will be formally announced in the coming weeks, including a brand new partnership between leading diagnostics company, QIAGEN, and Health Innovation Manchester, that has the intention to develop a genomics and diagnostics campus in the city.

"It is clear that the United Kingdom can, through a collaborative partnership between government, industry, academia, charities and the NHS, deliver the next wave of innovation that will benefit patients, transform the health care system, and generate economic growth and improved productivity". "Our success together can advance science and improve the lives of patients in the local region as well as worldwide". This will support the development of new markets for waste materials and improve the efficiency of enforcement, creating a level playing field for the waste and resources sector'.

As well as outlining the benefits for the economy, Clark set out Strategy's long-term vision, focussing on the improvements for productivity and United Kingdom earning power by embracing technological change. Government will be working with industry and academia to deliver this goal.

In the Industrial Strategy, clean growth is identified as one of four "grand challenges".

The white paper follows extensive engagement by government with industry, academia and business bodies who submitted nearly 2,000 responses to the green paper consultation earlier in 2017.

In addition to stating that these challenges will shape our ever changing future, the Government also believe that they represent a chance for United Kingdom business, academia and civil society to work collaboratively and take advantage of these opportunities through harnessing technology.

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