Flagship Pioneering establishes base in London, in Europe-first win for UK life sciences

• Company behind the successful life-sciences firm Moderna, Flagship Pioneering, has selected the UK for their first location outside of the US
• Announcement opens up new opportunities for life science start-ups and investments in the UK, complementing UK government’s plan to drive innovation in science and tech and boost the UK’s investment ecosystem
• New Memorandum of Understanding between Flagship and the Government cements the UK’s commitment to the sector, setting out how both can work together on clinical trials, potential UK manufacturing locations, and more

Leading life sciences bioplatform company Flagship Pioneering has today (Tuesday 28 November) announced the UK as the home for its first base outside the US, paving the way for new scientific start-ups, discoveries and investments here in the UK.

Flagship takes a unique approach to investment – with its own scientists exploring ideas invented in its labs to improve human health and the most promising projects being grown into companies. Since launching in 2000, Flagship has founded more than 100 scientific ventures, worth more than $90 billion combined, among the most notable being Moderna, who developed a groundbreaking mRNA vaccine for Covid-19. To date the company has invested over $3.4 billion in the founding and growth of pioneering life science companies, unlocking a further $26 billion of investment from other sources. 

Flagship Pioneering choosing the UK as its first European base is another vote of confidence for the UK’s £94 billion life sciences sector and is further evidence that the UK is one of the world’s leading destinations for investment, where 1 in 3 of all the biotech startups in Europe over the last decade have been founded in the UK. By basing themselves here, the UK will become Flagship’s latest destination for its next start-ups and ventures – leading to economic growth and new scientific discoveries that improve lives, as well as adding to the 280,000 highly skilled jobs the sector supports nationwide.

The government is cementing this commitment by signing a Memorandum of Understanding with the company. This will see them work hand in hand with the life sciences community and key UK scientific resources and stakeholders to, for example, identify new opportunities for innovation and find potential locations in the UK to host manufacturing sites for Flagship’s life sciences companies.

The UK’s life sciences prowess has been on full display at this week’s Global Investment Summit, which has highlighted how – as home to some of the world’s best minds, most extraordinary innovators, and iconic companies – the UK is one of the most dynamic and ambitious destinations for investment, anywhere in the world. The Science and Tech Secretary used the Summit to announce plans to make key technologies being pioneered in the UK, such as drones, even more appealing to investors by revamping the regulatory environment, as well as new partners to Innovate UK’s £100 million Investor Partnerships programme.

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