Partly Cloudy

Partly Cloudy

max temp: 24°C

min temp: 15°C

ESTD 1874 Search

East Anglia: High hopes of investment boost for lifesciences sector following trade mission to China

15:04 04 April 2014

Delegates at an East of England – Jiangsu life science conference which formed part of this week

Delegates at an East of England – Jiangsu life science conference which formed part of this week's trade mission from Essex, Suffolk and Norfolk to the Chinese province.

Archant

A trade mission to attract investment from China into the life sciences sector across Essex, Suffolk and Norfolk has led to hundreds of contacts which could lead to a multi-million pound boost to the regional economy.

shares

Delegates from the three counties have spent the past week travelling around China’s Jiangsu province promoting the East of England as an ideal UK venue to do business.

They have met about 200 life science businesses, research institutes and government representatives, telling them about the benefits of either setting up or collaborating with the companies and research parks in the region.

The delegates include Sue Lissimore, Essex County Council’s deputy to the cabinet member for economic growth and infrastructure, Colleen Walker, Norfolk County Council cabinet member for economic development and experts from Anglia Ruskin University’s MedTech campus, the Norwich Research Park, University Campus Suffolk and Plant Bioscience Ltd.

They spent two hours with the vice president and chief operating officer of a major Chinese pharmaceutical company that is interested in sourcing new drug technologies. The company is also interested in visiting the East of England and setting up a research operation.

The delegation also agreed with the Jiangsu Department of Public Health to develop an exchange programme for doctors and nurses that will lead to universities in the East of England winning new students.

Some of their meetings have been filmed and broadcast on Chinese television.

The delegation returns this weekend and Essex, Suffolk and Norfolk county councils will then start work on turning the contacts into investment.

Sue Lissimore said: “We have put the East of England on the map for a very targeted group of Jiangsu businesses.

“I have found it tremendously interesting meeting so many representatives from such a variety of Life Sciences businesses and organisations, including some companies that incorporate traditional Chinese medicine with new research.”

Colleen said: “I am looking forward to returning to Norfolk to update life science businesses across the county with details of the fantastic links we have made. I am very hopeful that as a result of this trip Chinese investors will choose Norfolk, Suffolk and Essex as a great location for their business. There has been much interest in the Norwich Research Park.”

Richard Smith, Suffolk County Council’s cabinet member for economic development, said: “The trade mission has been very successful. I look forward to talking to my colleagues in Essex and Norfolk on their return and then seeing the links they made in China become investment in our region.”

The East of England has one of the most advanced life sciences sectors in the UK. Specialties include agricultural technologies, clinical research, medical technologies, human health, food research, gene research, biotechnology and environmental technologies.

shares

0 comments

Millions have been paid to passengers since 2012

There was a £900,000 increase in the amount paid to delayed passengers in just one year – from £1.4m in 2013/14 to £2.3m in 2014/15.

The new branding for Tarmac following its acquisition by CRH.

Iconic contruction brands Tarmac and Blue Circle have been combined to create a UK leader in the building materials sector.

Anne Holt of Baker Tilly.

East Anglia’s many ports and logistics businesses are being advised to prepare for new European Union customs duty arrangements which come into force next year.

Alan Cowie, communications and events officer at the| New Anglia Growth Hub.

New Anglia Growth Hub is to host a funding workshop, bringing together five providers of business support under one roof.

The Birketts Tour de Wellbeing cycle team, from left, Matthew Potter, Ben Burt, Jolyon Berry (front) Greg Jones and Tom Shape.

Members of the employment team at regional law firm Birketts raised more than £1,000 for Breast Cancer Care by taking part in the Tour de Wellbeing virtual cycle race, held by EMCOR UK to coincide with the Tour de France.

A plane in Flybe's latest purple livery.

Regional airline Flybe has confirmed its 2015-16 winter schedule to and from Stansted.

The head office of BT, the BT Centre, in Newgate Street, central London.

Thousands of BT workers are to share in a £265million payout under share-related savings schemes which will see some employees making gains of more than £54,000.

Lloyds has added £1.4billion to its bill for compensating customers mis-sold payment protection insurance.

State-backed Lloyds Banking Group’s provision for payment protection insurance mis-selling has topped £13billion after it yesterday took another £1.4billion hit over the scandal.

A computer-generated image of how the Sizewell complex will look after construction of Sizewell C.

Development of Sizewell C took a huge step forward today as the companies were announced that will build its sister nuclear power station in Somerset.

Gary Allen, operations manager,  with Diane Allen and Graham Allen at Ipswich-based Ajax Domestic Spares which is celebratiing 40 years in business.

Ajax Domestic Spares has marked 40 years in business in style by launching a new showroom in Foxhall Road, Ipswich.

Most read

Most commented

Topic pages