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and wider UK ecosystem to become an innovation nation.”

The publication of the Beauhurst findings in March coincided with the launch of the government’s plan to cement the UK’s place as a science and technology superpower by 2030.

The strategy includes a raft of new measures backed by more than £370 million to boost investment in innovation, bring the world’s best talent to the UK, and seize the potential of ground-breaking new technologies like AI.

The new Science and Technology Framework is the first major piece of work from the newly created Department for Science, Innovation and Technology.

Science, innovation and technology drive economic growth

Science, innovation and technology are the drivers of economic growth and productivity, and more than half of the UK’s future labour productivity growth will come from adopting the best available technologies and the rest from pushing the frontier of technology even further, said the government. Each £1 of public investment in research and development leverages £2 of private R&D investment in the long run, generating a huge amount of public benefit in return.

Philip Campbell, Commercial Director at MEPC Milton Park, added: “A common theme in the Beauhurst report is clear: the companies based at Milton Park are trying to make all our lives better, whether it’s Evotec making important advances in life-saving drug treatments or Emergex Vaccines improving human health by providing long-term immunity for some of the world’s most pressing diseases.

“It’s a real privilege to provide a home to companies taking phenomenal steps to address global problems, located in a region which is at the forefront of innovation, collaboration and connectivity. It still gives me a buzz and I can’t wait to see what lies ahead.”

Nigel Tipple, Chief Executive at Oxfordshire Local Enterprise Partnership, said: “The findings in this report demonstrate Milton Park’s impressive contribution towards Oxfordshire’s world-leading innovation cluster.

“The increasing number of high-growth companies we’re seeing across the county are pivotal to ensuring global advances are continued to be made across life sciences, technology and energy while supporting our local communities and UK PLC.”

Milton Park was acquired by MEPC in 1984. It has since trebled in size and now hosts more than 270 companies, from small start-ups to businesses which compete on the global stage. The park’s 2040 Vision will help it expand to four million sq ft, accommodating 20,000 people on site. This investment will take the Park from its current status as a leading science, technology and business park to a pioneering research and innovation district, keeping environmental sustainability front and centre.

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Grant Funding into companies based at Milton Park between 2013-2022

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