Issue details

Life Science Incubator Project

The UK’s life sciences sector is world-leading, highly productive and fast growing. It generates over £60 billion to the UK’s economy with a workforce of over 230,000. In recognition of the current and forecast future value of the life science sector in Lambeth, particularly in terms of delivering long-term sustainable jobs, supporting the growth of the life science sector in Lambeth is a priority for the council. The decision seeks approval to allocate capital funds to create a new life science incubator project in Waterloo. Enabling this space will grow the life sciences ecosystem within the borough, bringing forward new skills and employment opportunities that residents can benefit from, and seeding activity ahead of the Royal Street development.

Decision type: Key

Reason Key: 2. Financial;

Decision status: For Determination

Notice of proposed decision first published: 28/02/2022

Anticipated restriction: Part exempt  - View reasons

Decision due: Not before 29 Mar 2022 by Deputy Leader of the Council (Sustainable Growth and New Homes)

Lead member: Deputy Leader of the Council (Sustainable Growth and New Homes)

Lead director: Strategic Director: Sustainable Growth and Opportunity

Department: Sustainable Growth and Opportunity

Contact: Matthew Blades, Head of Business, Culture and Investment Email: mblades@lambeth.gov.uk.