MedTech

The MedTech Industry:

The UK’s med-tech industry is a dynamic and rapidly growing sector, supported by government funding and incentives that drive innovation in healthcare technology. Initiatives such as the Biomedical Catalyst fund provide financial support for cutting-edge medical advancements, ensuring the development of life-saving devices, diagnostics, and digital health solutions.

R&D Tax Credits

These encourage businesses to invest in medical research and development, while the Patent Box scheme supports innovation by reducing tax rates on profits from patented technologies. These measures help med-tech companies accelerate the development and commercialization of groundbreaking healthcare solutions.

Innovate UK Smart Grants

These support disruptive med-tech projects, enabling businesses to bring transformative health technologies to market. Meanwhile, funding from the National Institute for Health and Care Research (NIHR) helps drive clinical trials and real-world evaluations of new medical innovations.

MedTech Accelerator: Rapid Regulatory Support Fund (MARRS)

CPI and the Office for Life Sciences (OLS) have joined forces to deliver the MedTech Accelerator: Rapid Regulatory Support Fund (MARRS), a £5 million programme funded by UK Government aimed at supporting and enabling growth in the vital UK MedTech industry.

Key Contact:

Kevin Rutter
CEO

kevin.rutter@goodwille.com

+44 (0)20 7795 8100

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Relevant Services

Benchmarking & Benefit / Advisory

Our comprehensive Benchmarking service ensures you remain competitive and compliant when hiring in the UK. Offering the same packages as in your home country may not be appealing in the UK MedTech industry —and, in some cases, could even be illegal. Let us help you align your offers with industry standards and attract top talent.

Insurance

The MedTech industry in the UK is heavily regulated, with stringent requirements to ensure product safety and compliance with healthcare standards. For MedTech companies scaling to the UK, securing appropriate insurance coverage is essential to mitigate risks and comply with industry regulations. . Key insurance policies include product liability insurance, clinical trials insurance, and medical malpractice insurance.

R&D Tax Credits

For businesses involved in research and development (R&D) within the MedTech sector, the UK offers a valuable incentive through R&D Tax Credits. These credits are designed to encourage innovation by providing financial support to companies engaged in qualifying R&D activities.