It’s all about the ‘spin’ outs

We have observed the encouraging trend of renewed investment in UK university spin-outs. Recent data from Beauhurst and Parkwalk Advisors reveals a revival in funding, with £1 billion invested in the first half of 2024, a rebound from the previous year's figures. Our close connections with various universities and research parks across the UK, particularly in Cambridge and Oxford, position us to play a pivotal role in this resurgence.

The Labour Party's commitment to creating a favourable environment for start-ups is evident, with Chancellor Rachel Reeves supporting the Independent Review of university spin-outs. The Review, conducted by Professor Irene Tracey and Dr. Andrew Williamson, underscores the importance of strategic partnerships and enhanced financial access for these ventures.

Key manifesto pledges from the Labour Party include:

Innovation partnerships
The Labour Party's intention to forge stronger relationships between universities, the private sector, and the Government is set to reduce bureaucratic barriers, potentially benefiting spin-outs and fostering wider industry collaboration.
Life sciences investment
A £10 billion investment in life sciences is on the cards, aiming to propel the UK to the forefront of pharmaceutical and life sciences research and development.
Industrial strategy
The Labour Party's strategy includes a comprehensive AI sector plan and a new national data library, with a commitment to 10-year budgets for key innovation institutions, likely involving universities.

As the new Government takes shape, including the strategic appointment of Sir Patrick Vallance as Minister of State for Science, we at Mishcon de Reya are optimistic about the future of the UK's research and development sector. We are ready to leverage our established relationships with leading academic institutions to support the advancement and growth of this vital area.