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Report forecasting 21,000 additional jobs for biopharma sector by 2027 welcomed

By aileengreenxie - 06th May 2024

Biopharma

Minister for Enterprise, Trade, and Employment, Peter Burke, has welcomed a report from the Expert Group on Future Skills Needs (EGFSN), which forecasts that 21,000 additional jobs will be created by 2027, in order to support Ireland’s important and fast-growing biopharma sector.

The report, entitled Skills for Biopharma – Researching and forecasting the current and future skills needs of the Biopharma sector in Ireland to 2027 shows the strong growth in employment in the Biopharma sector in Ireland over the past five years, and highlights the specific skills needed to support this strategically important sector for Ireland’s economy.

Commenting on the launch of the report, Minister Burke said: “The biopharma sector is central to Ireland’s economic success and has been for many years. This report shows that we expect strong growth in the sector requiring a continuing inflow of skilled workers. It is essential that Ireland rises to the challenge of providing the educated and trained workers needed to support this growth.

“The biopharma sector employs more than 50,000 people directly in Ireland, and the report predicts that number to grow by more than 21,000 by 2027. In order to facilitate this, the education and training sector will need to respond to the demand for the highly skilled workers needed by the sector. Upskilling of the existing workforce will also be necessary, as will attraction of the relevant talent from overseas.”

The report finds graduate inflow into the sector is likely to fall short of recruitment needs by 3,000 people annually. This shortfall will have to be made up, inter alia, by ensuring that the education and training system is responsive to sector needs as well as by ongoing training and upskilling within the sector itself.

An Implementation Group has been set up to drive the recommendations in the report. It is being chaired by Patricia Quane, formerly of Astellas Pharma, who also Chaired the Steering Group for the project. The Implementation Group had its first meeting on Thursday 25 April and intends to meet three to four times a year for the next two years to coordinate and drive implementation.

Minister Burke continued: “Key to success is the implementation of the report’s recommendations. If we are to see the potential for growth in the sector realised, it will require the necessary skills, as outlined in this report. I would like to offer my support to the Implementation Group that has been set up to drive the report’s recommendations forward over the next two years. Solid, evidence-based research is just the first step. Taking positive and committed action in the necessary areas is what is now needed.”

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