{"id":2211,"date":"2023-11-22T21:40:55","date_gmt":"2023-11-22T21:40:55","guid":{"rendered":"https:\/\/discovery-park.co.uk\/?p=2211"},"modified":"2023-11-22T21:40:55","modified_gmt":"2023-11-22T21:40:55","slug":"discovery-park-response-to-the-autumn-statement","status":"publish","type":"post","link":"https:\/\/discovery-park.co.uk\/discovery-park-response-to-the-autumn-statement\/","title":{"rendered":"Discovery Park Response to the Autumn Statement"},"content":{"rendered":"<p>Following today\u2019s autumn statement, there are promising signs of support for the UK\u2019s vital industries, including \u00a34.5 billion of funding for British manufacturers. Discovery Park\u2019s designation as a Life Science Opportunity Zone recognised the park\u2019s growth potential, highlighting the science park\u2019s fantastic infrastructure and ability to support advanced manufacturing. We prioritise the development of sustainable solutions and are pleased to see the commitment to support clean energy included as part of this plan.<\/p>\n<p>With many high-growth businesses based on site, the announced pension reforms and new Growth Fund within the British Business Bank are a welcome inclusion. We look forward to witnessing the impact of this \u00a375 billion of financing for these high-growth companies. This, combined with the announced expense tax cuts, will allow these companies to invest in important equipment to cement their growth.<\/p>\n<p>AI is already playing a significant role in the development of new medicines and technologies, so the \u00a3500 million to support Compute innovation centres will be vital to build the UK\u2019s reputation in this growing area and we anticipate the benefits of this growth being felt across industries. We can already see the benefits that convergence is bringing to the life sciences sector and the growing emergence of \u2018techbio\u2019 in accelerating the pace of drug development.<\/p>\n<p>The announcement of \u00a320 million in funding for new dementia treatments will be key to developing novel therapies and likely benefit thousands of people, however, the lack of a comprehensive plan to build the life sciences industry is disappointing. The sector is still booming, and we\u2019ve seen an uplift in demand for lab space from new and growing businesses at Discovery Park.<\/p>\n<p>In order to realise the UK\u2019s potential as a science superpower, a focused strategy will be needed alongside an ability to think \u2018outside the triangle\u2019. We hope to see the government share more around this in the coming days.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Following today\u2019s autumn statement, there are promising signs of support for the UK\u2019s vital industries, including \u00a34.5 billion of funding for British manufacturers. Discovery Park\u2019s designation as a Life Science Opportunity Zone recognised the park\u2019s growth potential, highlighting the science park\u2019s fantastic infrastructure and ability to support advanced manufacturing. We prioritise the development of sustainable [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":1437,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2211","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Discovery Park Response to the Autumn Statement - Discovery Park<\/title>\n<meta name=\"description\" content=\"Following today\u2019s autumn statement, there are promising signs of support for the UK\u2019s vital industries, including \u00a34.5 billion of funding for British manufacturers. Discovery Park\u2019s designation as a Life Science Opportunity Zone recognised the park\u2019s growth potential.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/discovery-park.co.uk\/discovery-park-response-to-the-autumn-statement\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Discovery Park Response to the Autumn Statement - Discovery Park\" \/>\n<meta property=\"og:description\" content=\"Following today\u2019s autumn statement, there are promising signs of support for the UK\u2019s vital industries, including \u00a34.5 billion of funding for British manufacturers. Discovery Park\u2019s designation as a Life Science Opportunity Zone recognised the park\u2019s growth potential.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/discovery-park.co.uk\/discovery-park-response-to-the-autumn-statement\/\" \/>\n<meta property=\"og:site_name\" content=\"Discovery Park\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/DiscoveryParkKent\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-22T21:40:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/discovery-park.co.uk\/wp-content\/uploads\/2023\/08\/Icons-12-1024x576.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"576\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Kirsty Budden\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@DiscoveryPark_\" \/>\n<meta name=\"twitter:site\" content=\"@DiscoveryPark_\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kirsty Budden\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/discovery-park.co.uk\/discovery-park-response-to-the-autumn-statement\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/discovery-park.co.uk\/discovery-park-response-to-the-autumn-statement\/\"},\"author\":{\"name\":\"Kirsty Budden\",\"@id\":\"https:\/\/discovery-park.co.uk\/#\/schema\/person\/b3f6cf2889c4cb3a5dcd585ef5f012bb\"},\"headline\":\"Discovery Park Response to the Autumn Statement\",\"datePublished\":\"2023-11-22T21:40:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/discovery-park.co.uk\/discovery-park-response-to-the-autumn-statement\/\"},\"wordCount\":323,\"publisher\":{\"@id\":\"https:\/\/discovery-park.co.uk\/#organization\"},\"image\":{\"@id\":\"https:\/\/discovery-park.co.uk\/discovery-park-response-to-the-autumn-statement\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/discovery-park.co.uk\/wp-content\/uploads\/2023\/08\/Icons-12.png\",\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/discovery-park.co.uk\/discovery-park-response-to-the-autumn-statement\/\",\"url\":\"https:\/\/discovery-park.co.uk\/discovery-park-response-to-the-autumn-statement\/\",\"name\":\"Discovery Park Response to the Autumn Statement - Discovery Park\",\"isPartOf\":{\"@id\":\"https:\/\/discovery-park.co.uk\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/discovery-park.co.uk\/discovery-park-response-to-the-autumn-statement\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/discovery-park.co.uk\/discovery-park-response-to-the-autumn-statement\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/discovery-park.co.uk\/wp-content\/uploads\/2023\/08\/Icons-12.png\",\"datePublished\":\"2023-11-22T21:40:55+00:00\",\"description\":\"Following today\u2019s autumn statement, there are promising signs of support for the UK\u2019s vital industries, including \u00a34.5 billion of funding for British manufacturers. 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