Planning for Growth: Demand for Healthcare R&D Space in London (2016)
Lab spaceAn analysis of the rising demand for healthcare R&D space across London and the factors shaping future needs.
Overview
This 2016 report explores why London faces a shortage of suitable healthcare R&D space and what is needed to meet growing demand.
The study identifies strong drivers including increased commercial R&D activity, the strength of the Golden Triangle, growing Open Innovation practices and rising numbers of spin-outs from leading universities. Existing innovation centres are at or near full capacity and many companies report difficulty finding laboratory and grow-on space. Businesses particularly value proximity to major research hospitals, universities and transport hubs. The report concludes that London requires a broader mix of small suites near research bases, innovation centre space, grow-on laboratories and facilities linked to hospitals to support a thriving healthcare R&D ecosystem. Without action, the city risks losing talent, investment and its competitive edge.
Key takeaways
- Demand for R&D space significantly exceeds supplyInnovation centres are operating at very high occupancy, with long waiting lists and rising enquiries from SMEs and global companies. London is not meeting demand for small suites, laboratories and grow-on space.
- Location matters for companiesBusinesses prioritise proximity to transport hubs, universities, hospitals and established R&D districts. The Euston Road and King’s Cross area is the most sought-after location for new laboratory and office space.
- A wider mix of space types is requiredThe report calls for small units near research bases, additional innovation centre capacity, mid-sized laboratories for scaling companies and dedicated space within or beside hospitals to support collaboration.
