Pictured above: Back, from the left, Jon Bell
(Yorkshire Bank) and Dr Glenn Crocker (BioCity). Front, from the
left, Nick Parsons (National Australia Bank) and Carl Dickinson
(Yorkshire Bank)
A leading economist told medical and pharmaceutical companies in
Nottingham that their industry is the best positioned to benefit
from global economic recovery and to lead the UK out of
recession.
Speaking at the official launch of Yorkshire Bank's corporate
partnership with BioCity, Nick Parsons gave the positive news to
about 50 businesses at the bioscience business incubator in
Pennyfoot Street.
Nick, head of markets strategy in Europe at National Australia
Bank which owns Yorkshire Bank, said companies in the bio-science
sector are strategically placed to have a huge opportunity to
increase its global market share.
He said: "There has been a massive growth in the medical and
pharmaceutical sectors in the UK's share of world markets. This is
one of Britain's real success stories and it shows the way forward
for other sectors.
"Pharmaceutical and medical and scientific equipment is the
place to be right now because they are the most sensitive to world
recovery and their businesses are going to grow more quickly.
"If you are going to be in a particular sector this is the one
to be in because almost seven per cent of the UK's exports are in
the pharmaceutical sector.
"Yorkshire Bank is happy to be associated with BioCity. Good
news stories are rare at the moment but I think this sector along
with the manufacturing industry is well positioned to take
advantage of the growth in world trade."
Dr Glenn Crocker, BioCity chief executive, said the corporate
partnership with Yorkshire Bank would enable companies with BioCity
to become even more successful through the financial advice and
support the bank can provide.
"I have been working with Yorkshire Bank for over a year and I
was really keen that they became a corporate partner because I have
seen how well they work and how well aligned they are to the
BioCity companies," he said. "I am sure this will be the start of a
very productive relationship."
Carl Dickinson, managing partner of Yorkshire Bank's Financial
Solutions Centre in Castle Meadow Road, Nottingham, added: "We are
really looking forward to developing this relationship and
supporting the growth of bioscience companies with BioCity.
"We will do that by providing bespoke financial services and
advice from our local base in Nottingham"