This works fine in the spreadsheet:
=SUBSTITUTE(HYPERLINK(CONCATENATE(statics!$A$1,B2), "Link"), " ","")

However I cannot escape the quotes correctly or something. I've tried every 
combination and nothing. 

Range("M2").Select
ActiveCell.FormulaR1C1 = _
"=SUBSTITUTE(HYPERLINK(CONCATENATE(statics!R1C1,RC[-11]), ""Link""), " ", 
"")"
Range("M2").Select

I just added the SUST part. It was this and worked fine too.
" =HYPERLINK(CONCATENATE(statics!R1C1,RC[-11]), ""Link"")"

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