Partner News - Life Sciences Hub Wales: A Year of Impact and Innovation for Health and Social Care
Topic : Type : Briefing
Life Sciences Hub Wales continues to transform health and social care through innovative solutions that address unprecedented challenges. Its 2023-24 Annual Report highlights how strategic collaboration and tailored support are accelerating life-saving innovations, enhancing care quality, and driving economic growth across Wales.
Over the past year, Life Sciences Hub Wales has played a pivotal role in advancing groundbreaking projects that are reshaping healthcare. New statistics emphasise Wales' rising reputation as a premier destination for health and social care innovation, attracting substantial investment and yielding tangible improvements in care delivery.
2023-24 Impact Highlights:
- 51,566 patients gained access to innovative healthcare
- £25.4 million in funding proposals submitted
- 2,290 clinical visits reduced
- 147 innovation assessments conducted
- 58 jobs created
- £5.5 million in investment secured
- £1.7 million in funding obtained
- £3.1 million Gross Value Added (GVA) delivered to the economy
- £1.5 million of value generated for the health and care system
The Annual Report underscores how Life Sciences Hub Wales serves as a vital connector across health, social care, and industry, driving meaningful change through a number of exciting initiatives that can be found within the report.
Cari-Anne Quinn, Chief Executive Officer of Life Sciences Hub Wales, remarked, “The 2023-24 Annual Report highlights the incredible progress made by health, social care, and industry partners. With over 50,000 people benefiting from health innovations, the strength of purpose is more significant than ever, and there is pride in the partnerships built to make Wales a leader in health and care innovation.”