Medtech jobs weekly snapshot: UK opens £20m fund for life sciences manufacturing

8 April 2021 (Last Updated April 8th, 2021 15:16)

From 27 March to 1 April 2021, 9,025 medtech jobs were posted worldwide. The UK government has today opened the £20m Medicines and Diagnostics Manufacturing Transformation Fund for applications, a scheme designed to support the country’s medtech and life sciences industries ahead of future pandemics and create economic opportunities and highly skilled jobs across the country.

Medtech jobs weekly snapshot: UK opens £20m fund for life sciences manufacturing
Credit: UK Department for Business, Energy & Industrial Strategy

Between 27 March to 1 April 2021, 9,025 medtech jobs were posted worldwide by 317 companies, according to the Globaldata jobs analytics tool.

This is a substantial decrease on the number of jobs reported in the last period, when 12,839 medtech jobs were posted worldwide by 332 companies, representing a listing decrease of almost 30%.

Cepheid UK posted the most jobs, with 645 listings, while Sonova Holding posted 472 jobs and Biotronik advertised for 446 positions.

UK opens applications for medtech business funding

The UK government has now opened the Medicines and Diagnostics Manufacturing Transformation Fund for applications, having announced the scheme last November.

The £20m scheme is intended to boost the UK’s ability to respond to future pandemics, as well as put the country ahead of global competitors.

UK Life Sciences Minister Nadhim Zahawi said: “I am thrilled to see this fund opening for applications and would encourage companies to make the most of the opportunity to expand their operations and create good jobs as we build back better from the pandemic.”

The fund will support the manufacture of medicines, diagnostics and medtech in the UK, boosting the country’s life sciences sector and creating job opportunities across the country.

UK Business Secretary Kwasi Kwarteng said: “This will not only boost the UK’s already strong vaccine and medicine portfolio but support top quality, local jobs across the country and put the UK in a formidable position to continue responding to the most pressing global challenges of our time.”

Methodology:

GlobalData’s unique Job analytics enables understanding of hiring trends, strategies, and predictive signals across sectors, themes, companies, and geographies. Intelligent web crawlers capture data from publicly available sources. Key parameters include active, posted and closed jobs, posting duration, experience, seniority level, educational qualifications and skills.