Levelling up skills and investment for London

Between 2014 and 2020, more than 24,800 new jobs were created by spinouts linked to Russell Group universities in London. Those 3,199 active companies had a combined turnover of £1.29bn and brought £3bn of investment to the Capital. 

In addition to the high value jobs created by their business spin-out activities, Russell Group universities in London currently employ over 41,500 staff, an increase of 23% over the last 5 years. 

How universities are helping in the region

Imperial College London – driving medical technology innovation across the UK 

The MedTech Superconnector based at Imperial College London's White City Innovation District is supporting researchers to break new ground in the field of medical technology and apply work from the arts and science to early-stage technologies. It has been backed by Research England to expand across the UK

QMUL – supporting cutting edge life science businesses 

The Queen Mary BioEnterprises Innovation Centre is helping life science businesses across the capital turn their ideas into real-world applications such as vaccines and anti-viral treatments.

Queen Mary University of London is proud to be deeply embedded in our local communities: throughout our history it has been part of what defines us. Working with local partners is an integral part of our University Strategy and continues to help shape our teaching, research, innovation and engagement activities today.

— Professor Colin Bailey, President and Principal of Queen Mary University of London

UCL developing lifesaving COVID-19 technology at pace … from idea to 10,000 in a month