In partnership with Central Manchester University Hospitals NHS Foundation Trust (CMFT), the development will create Citylabs 2.0 and Citylabs 3.0 on the CMFT campus, in the heart of Manchester’s Innovation District – Corridor Manchester.
The new development will provide additional space to enable biomedical companies to grow and co-create new health products, in collaboration with the NHS and academia for the benefit of patients.
It is anticipated that when both are completed and fully let Citylabs 2.0 and 3.0 will bring additional economic growth in excess of £100m and over 750 new jobs to the city.
Rowena Burns, chief executive of Manchester Science Partnerships said: “It is entirely fitting that we are making this announcement as part of ESOF - an international event which is focused on innovation and collaboration – two of the pillars on which our business is built.
“Manchester’s Innovation District will be strengthened further by the development of Citylabs 2.0 and 3.0. Our investment will help create fresh ideas, partnerships and scientific discovery. Above all, Manchester and the North West offer investors outstanding access to talent, knowledge and clinical facilities.”
Steve Mycio OBE, chairman of Central Manchester University Hospitals NHS Foundation Trust added: ”By working together in this way with industry, the NHS can ensure health technologies are developed that deliver better outcomes more efficiently to meet current and future needs of our patients and healthcare providers.
Sir Richard Leese, Leader of Manchester City Council said: “Citylabs epitomises Manchester's proud tradition of cutting edge research, one of our distinctive strengths.
“This major investment sends out a resounding message that we remain an outward and forward-looking city in which those who want to invest and create jobs can flourish."
Citylabs 1.0, which opened in September 2014 after a £25m redevelopment, was fully let within 15 months of opening. It is on track to generate more than 400 new jobs and contribute an estimated £60 million a year to Manchester’s economy.
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