Unsupported browser

For a better experience please update your browser to its latest version.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

New £35m biotech campus for Stevenage

  • Comment

Business Secretary Lord Mandelson has announced plans to build a £37 million campus for innovation in biotechnology and drug development in Stevenage, Hertfordshire

The Bioscience Campus could house around 25 companies, with 1,500 people, with the potential to expand to five times that size in a decade.

Its aim would be to provide a central point for leading biotechnology companies, so they can share and benefit from each other’s knowledge and findings, whilst retaining their own independence.

The project is being jointly funded by the Government, GlaxoSmithKline, The Wellcome Trust, Technology Strategy Board and the East of England Development Agency.

Speaking to the Technology Strategy Board’s Innovate ‘09 conference in London, Lord Mandelson said: ‘This joint investment by the public, private and charitable sectors recognises that innovation will be decisive in Britain’s recovery.

‘The Stevenage Campus represents a huge investment in the future of Britain’s bioscience industry and is a strong new platform for the work of our Office for Life Sciences.

‘It will leverage our existing strengths as a world leader in the sector, helping it to grow and reinforcing our international competitiveness. And ultimately it will help us build towards a stronger UK economy coming out of the global downturn.’

The Campus is being part-funded with £11.7m from the UK Strategic Investment Fund. On top of the £11.7 SIF funding for the project, GlaxoSmithKline has granted £10.9m; The Wellcome Trust has committed £6m; the Technology Strategy Board is providing £5m and EEDA will look to contribute £4m.

  • Comment

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions.

Links may be included in your comments but HTML is not permitted.

Related Jobs

AJ Jobs