UK Government Designates Harwell Campus as Opportunity Zone

The Office for Life Sciences of the government of the United Kingdom has designated six new locations in the country as ‘Life Sciences Opportunity Zones’, of which the Harwell Science and Innovation Campus is one.

In a Feb. 20, 2020 press release, Harwell revealed that this designation is one of only seven across the whole country and the only one in Oxfordshire/Thames Valley area. The designations are valid for a period of 10 years and will see the UK government working with Harwell to attract both inward and foreign investment, establish trade agreements, and promote the campus as a world-leading location for companies to establish themselves.

“The life sciences industry contributes over £70 billion [US $90.4 billion] per annum to the UK economy and provides 240,000 jobs. Harwell Campus plays an increasingly important role at the center of this sector,” said Gordon Duncan, partner, Harwell Science and Innovation Campus, in the press release. “We have a unique platform here to help accelerate research and innovation around the country, taking applied research and turning it into commercial outputs using state-of-the-art technologies and applications-this is unparalleled across Europe.”

Source: Harwell