EDITION 3 SPRING 2019 DIGITAL HEALTH: THE DREAMING SPIRES DREAMS BIG TO TRANSFORM HEALTHCARE

INSIDER STATS: Can lead the way for the UK, post-Brexit? NEWS IN BRIEF: PM backs LEPs, investment secures further Harwell development and ‘automotive resort’ set for Oxfordshire CHIEF EXEC’S UPDATE: Why collaboration is key for us all Imagine a healthcare system that’s driven This is around six per cent of the global Both organisations hope to develop and by state-of-the-art artificial intelligence economy in these four technologies. evaluate the use of clinical artificial intelligence and big data, fully-utilised to predict and digital technology to understand the Thanks to the development of digital health with pinpoint accuracy – and immediacy complexities of chronic disease. apps and supporting analytics, the UK’s digital – a patient’s diagnosis, followed by a health market can ‘expect significant growth’, As well as being a sector that can genuinely programme of tailored treatment. according to the SIA. bring about change that can positively affect Is this complete ‘pie in the sky’ or a genuine people’s health and wellbeing, the SIA has Globally-significant digital health companies, reality? And if it is a reality, are we decades identified a sector that has genuine growth including Sensyne Health are benefiting from away from seeing this medical revolution – or potential. a cluster of businesses and academics that will we be waiting a matter of years? has – and continues to – attract developers, When the SIA was published two years ago, What is for certain is that digital technologies clinicians, entrepreneurs, engineers and the UK digital health market was projected to have the capability to transform healthcare designers. grow to £2.9bn by 2018. as we know it – whether that is in terms of And of course, the The SIA believes that Oxfordshire – through prevention, diagnosis, intervention or ongoing boasts some of the most-decorated health its ability to utilise an end-to-end patient monitoring. researchers anywhere in the world. pathway and test-bed system – can speed-up Oxfordshire’s strengths in digital health will digital heath innovation and rollout, better In January – evidence of this collaborative play a significant role in driving forward change evidencing health benefits. working saw Sensyne Health and the in healthcare as we know it and with that University of Oxford’s Big Data Institute It says that through these advances, nationally comes opportunities for the UK as we move announce their plans to establish a world- the digital health sector could see the towards a more globally-facing economy. leading research alliance using data science creation of around 300,000 new jobs (33,000 Digital health, together with the three other and clinical AI for the patient-centred in Oxfordshire) by 2030 and potentially bring transformative technologies that were management and treatment of chronic about up to £1.8bn per year in savings to identified in the Oxfordshire Transformative disease. the NHS. Technologies Alliance’s 2017 Science and The partnership sees the creation of unique So – should, and perhaps more accurately Innovation Audit (SIA) – namely connected new datasets – in addition to those already when, this seismic shift in healthcare happens, and autonomous vehicles, space-led data available for analysis through Sensyne Health Oxfordshire will undoubtedly be at the centre and quantum computing – has the collective – and will build on its existing capability in of it. ability to generate in the region of £180Bn to clinical artificial intelligence. the UK economy by 2030. Pictured: Jeremy Long - Chair, OxLEP

OUT OF THIS

WORLD!A look back on our second House of Commons economic briefing, focussing on Oxfordshire’s strengths in space and satellites.

January’s event has directly-led to follow-up discussions with investors, government departments and foreign embassies.

Dozens of national and international in the county’s 2017 Science and Innovation – Head of Public Affairs for Culham Science representatives joined OxLEP for its second Audit – coupled with the county’s world- Centre-based Reaction Engines. House of Commons economic briefing on class research and development capabilities, The exclusive event was attended by more 15 January, which highlighted Oxfordshire’s could bring major global opportunities to the than 60 people, including investors, foreign key strengths in space and satellites and UK, boosting the national economy in the embassy representatives and companies discussed how the county could drive forward process. working in space and satellite technologies. the sector for the UK economy. Many of Oxfordshire’s internationally- OxLEP’s next House of Commons breakfast Hosted by MP Ed Vaizey, the event competitive space assets were highlighted at briefing will take place on 19 March, with a was part of a series of briefings that sees the event, including keynote discussions led focus on digital health – a further briefing OxLEP ‘taking the Oxfordshire economy’ by Mike Lawton, CEO and Founder of Oxford on technologies underpinning quantum to a national stage, highlighting how four Space Systems. He was joined by Tom Page computing is set for 21 May. transformative technologies – as identified

Here’s what several key figures had to say on the event:

“The key message we will continue to take to “This revolution in the space industry and “One of the things that has kept me sane over Westminster is that Oxfordshire is very much the unlocking of the ability to do business is the past two and a half years is the privilege open for business. With a GVA of £23Bn per coming from a range of military and civilian of representing Harwell (Campus) and the annum, we are one of only three net county sources. extraordinary space sector that I have seen contributors to the Exchequer. We also have a grow-up around me. The official space agencies will typically tell track record of nurturing genuine innovation “ you it takes seven to 10 years to get new The UK Government has played a key role in and taking it to a world-stage – in particular, “ material and product concept into space. attracting the European Space Agency here through the space sector, given that we are However – in response to the demand – and setting-up the Satellite Applications home to the number one concentration of we’re getting from clients in the US, Europe Catapult, and also investing over many years science research facilities in Western Europe. and Asia, we have developed proprietary in the high-grade science facilities in the area, “Oxfordshire is recognised globally as a high-strain composites and membranes that such as the Diamond Light Synchrotron.” place that can support innovation-led underpin a range of products, plus achieved growth, greater productivity and major a sector record of getting a new product The Rt Hon Ed Vaizey MP ‘place potential’ as we move towards an concept in orbit in under 30 months – that Culham Science Centre offers us a secure site ever-increasing internationally-focussed pace of development will only accelerate “ with good facilities and plenty of scientific economy.” further. ” expertise on tap. It offers credibility to Nigel Tipple, Chief Executive of OxLEP Mike Lawton, CEO of Oxford Space Systems potential investors and partners, and good links to the supply chain and other clusters, especially Harwell.”

Tom Page, Head of Public Affairs for Reaction Engines FOLLOWING THE 19 MARCH HOUSE OF COMMONS BRIEFING ON DIGITAL HEALTH, THE NEXT BREAKFAST EVENT IS SCHEDULED FOR 21 MAY WITH A FOCUS ON QUANTUM COMPUTING – IT WILL BE HOSTED BY LAYLA MORAN MP. To register interest for future briefings please email [email protected] INSIDER STATS With the UK now just weeks away from its scheduled withdrawal from the , global economic strengths and assets have arguably never been more important to the UK economy. So, what can Oxfordshire bring to an internationally-facing UK economy?

INSIDER HAS THE LATEST ECONOMIC STATISTICS FOR THE COUNTY: Harwell Campus

• £23bn GVA per year, one of just • Home to the number one 2018 Times • The UK five-year survival rate three net County contributors to the Higher Education’s globally-ranked for businesses born in 2011 and exchequer university still active in 2016 was 44.1%, Oxfordshire averaged 49.3% • A significant player in the Oxford- • £600m: The largest fund for Cambridge Arc, which contributes university spin outs in Europe via • £180bn global potential for the over £107bn GVA per year, with Oxford Sciences Innovation UK economy through the four potential to do more transformative technologies • The number one concentration of identified in our Science and • Around 50,000 new jobs have been science research facilities in Western Innovation Audit created in Oxfordshire between Europe 2011/12 and 2016/17

PRIME MINISTER PRAISES A POST-BREXIT ECONOMY: ‘UNIQUE INSIGHT AND OXFORDSHIRE BUSINESSES EXPERIENCE’ OF LEPS REMAIN ‘UNCLEAR’ ON WHAT The Prime Minister met with EU WITHDRAWAL WILL BRING business leaders from England’s Local Just weeks ahead of the UK’s scheduled Enterprise Partnerships on 31 January to European Union withdrawal, members of one of discuss Local Industrial Strategy progress Oxfordshire’s best-known business networking and understand how LEPs are tackling the groups appeared unclear as to what Brexit grand challenges and five foundations of the might mean to them. Government’s Industrial Strategy. A survey – jointly-led by the Oxfordshire OxLEP Chair Jeremy Long was in attendance Local Enterprise Partnership (OxLEP) and and discussed the Oxfordshire Local Industrial B4’s ‘Oxfordshire Voice’ – saw members Strategy which aims to place the county at of B4 respond to a series of Brexit-related the ‘forefront’ of a future globally-facing UK statements. economy, positioning Oxfordshire as one of Of those surveyed, just 13 per cent of the top-three global innovation ‘ecosystems’, respondents felt that their business would be highlighting the county’s world-leading science better-off as a direct consequence of the UK’s and technology capabilities. BUSINESS LEADERS DISCUSS EU withdrawal, with over two-thirds (71 per UK INDUSTRIAL STRATEGY cent) disagreeing, saying that the move would WITH LORD HENLEY AT OXLEP OXFORD UNIVERSITY SIGNS not benefit their business. ROUNDTABLE UNIVERSAL FLU VACCINE Key figures from across Oxfordshire joined a DEVELOPMENT DEAL WITH US BICESTER HERITAGE TO high-profile member of the House of Lords on 1 START-UP BWV BECOME ‘AUTOMOTIVE February for a business roundtable discussion. Development of a vaccine candidate with RESORT’ potential to save millions worldwide will be Lord Henley – the Parliamentary Under Bicester Heritage has revealed plans for an accelerated in a commercialisation deal with Secretary of State for the Department of ambitious motoring resort that it aims to make Blue Water Vaccines. Business, Energy and Industrial Strategy – met one of the UK’s top tourist attractions. Oxford University – through its innovation with around a dozen business leaders at the Proposed to be constructed on 444 acres of arm Oxford University Innovation (OUI) – event, held at Milton Park Innovation Centre, land – which the existing Bicester Heritage has entered into an option agreement for a near Didcot. site currently makes-up just five per cent universal influenza vaccine with US-based He visited the Milton Park-based Immunocore, of – ‘Bicester Motion’ is set to offer leisure, start-up Blue Water Vaccines (BWV), which is one of the world’s leading biotechnology culture and tourism experiences including raising $15m to support development of the companies, followed by a trip to Oxford plans for hotel rooms, conference halls, private flu shot. BioMedica. car storage, lodging for visitors and driving attractions.

To receive regular news updates from OxLEP, please email [email protected] WHY COLLABORATION IS KEY FOR US ALL It is undeniable that Oxfordshire presents potentially add £180bn GVA growth to the Collaborative working across all areas of significant potential for the UK economy, UK economy by 2030. our work needs to be met by ambition too. particularly in the context of a post- It’s a story that we feel needs to be told as Oxfordshire’s Local Industrial Strategy Brexit economy – but to maximise this regularly as possible to both national and directly responds to the UK Industrial potential, collaborative working across all international audiences. Strategy – launched by the Government in stakeholders, is absolutely essential. November 2017 – which aims to increase As a Local Enterprise Partnership, we have Assets such as the University of Oxford growth and productivity across the country already ‘taken the Oxfordshire economy’ and its world-class research programmes, and create more prosperous communities. to Westminster on two occasions over Harwell Campus, Culham Science Centre the past six months, highlighting both Our Local Industrial Strategy is ambitious and a thriving automotive sector not only the capabilities and opportunities these and positions Oxfordshire as one of the have worldwide reach but are already technologies have to offer. top-three global innovation ecosystems, internationally-established too. highlighting our world-leading science and The Oxford-Cambridge Arc also offers a And they are set to become even more technology cluster. It provides a business- once-in-a-generation opportunity to the vital – not just for Oxfordshire, but ‘UK PLC’ led framework, detailing how we can realise UK economy through leveraging ALL the – as we move towards a more ‘globally- our full-potential, raising productivity and economic strengths across that region. facing’ economy. supporting greater commercialisation of Collaborative working between Local our unique innovation assets. In addition to these significant international Enterprise Partnerships, universities and assets, we are world-leaders in the Working in collaboration with key partners, local authorities has allowed us to more transformative technologies of; digital we want our Local Industrial Strategy to effectively highlight the potential from health, space-led data applications, be a pioneer for the UK and our emerging this emerging economic region, which connected and autonomous vehicles transformative technologies and sectors. currently contributes around £107bn GVA and technologies underpinning quantum each year, with potential to do more. Only through collaboration will our asset- computing. rich, vibrant economy be able to deliver Success can be accelerated if we position A science and innovation audit – authored on these many opportunities, not just for the Arc’s potential clearly in the minds of by the Oxfordshire Transformative Oxfordshire but for the wider UK economy global investors – but again, this can only Technologies Alliance in the autumn of too. be done effectively by bringing everyone 2017 – suggested that, if fully-utilised, together, including our key businesses, Nigel Tipple these four technologies alone could government, local authorities and Chief Executive academia.

If you would like to take a closer look at what is going on in Oxfordshire, please contact our Executive Assistant Sadie Patamia and we can arrange a visit. Email: [email protected].

For further information about investment opportunities please contact Sebastian Johnson, Head of Innovation and Inward Investment sebastian.johnson@​oxfordshirelep.com 01865 897186 07917 088122