Babraham Research Campus' £3.15bn Life Science Ecosystem Soars!

10/12/2024

A new independent report reveals how groundbreaking research at the Babraham Research Campus in Cambridge is delivering major gains for UK economic growth and job creation.

It reveals significant contributions not only to the UK and global life sciences sector but also to the local Cambridge and wider UK economy.

The independent evaluation, carried out between late 2023 and early 2024 by a team headed up by Professor Pete Tyler and Dr Andy Cosh, updates findings from 2019 and captures a period of transformative progress. Key findings include:-

• Babraham Research Campus is delivering an annual economic contribution of £538 million to the local economy – an 89 per cent increase from 2019.
• Companies based at the Campus now boast a collective valuation exceeding £3.15 billion.
• Job creation has more than doubled, reaching 9,400 positions, including 2,000 located on-site.
• Fundraising by Campus companies is accelerated by six months compared to those based elsewhere.

Ready access to the Babraham Institute’s world-leading infrastructure and skills expertise is mission-critical to the success of the research and innovation campus.

This latest report confirms Babraham Research Campus’ status, not only as an integral part of the economy in Cambridge and the surrounding region, but as a dynamic ecosystem where early-stage companies are nurtured so that innovation can flourish.

Derek Jones, CEO, Babraham Research Campus Ltd, pointed to the evidence of the Campus’ distinct role in fostering growth: “The report shows that companies at Babraham Research Campus are raising 20 per cent more investment six months faster than those based elsewhere, accelerating their discoveries and creating jobs and economic impact for the UK economy.

“This isn’t just about numbers; it’s about the ripple effects these successes have on innovation, health outcomes, and economic prosperity. It also reflects the importance of Babraham Research Campus being a ’place‘ with capabilities and community rather than just being a ‘space’ within which to locate.”