Manchester’s Business Growth Hub has secured £172,000 in funding to help local life science companies develop new health products and access European markets.
To be delivered over the next four years, the funding is part of Boost 4 Health, a European Union project developing a northern Europe life science network.
Forty local businesses will benefit from one-to-one guidance from a life science specialist and will be able to travel to other European Boost 4 Health centres to meet industry experts, tap into local knowledge and learn how to enter international markets.
The scheme aims to generate £20m in sales in the life sciences, a key priority growth sector for Greater Manchester.
The fund will be delivered by the Hub’s recently expanded innovation service and new sectors team, which provides business support and advice to companies working in, or diversifying into, the life science sector.
<?UMBRACO_MACRO macroAlias="MediumRectangle" >
The project will also develop and enhance links between the Hub’s teams and local partners including the Greater Manchester Academic Health Science Network, the NHS’s innovation experts Trustech, and other bioscience and life science organisations.
The Hub’s Head of Innovation and Programme Development, Chris Greenhalgh explains: “Greater Manchester is leading the way in life sciences. We have Europe’s largest clinical academic campus, Europe’s biggest cancer treatment centre and the largest clinical trials unit in the world.
“This funding will help innovative local life science companies bring their own ideas to market. By offering mentoring and a chance to meet international experts it will help them grow, generate jobs and attract new investment.”