‘…The ambition to create an innovation district of this size and scale will help transform the UK’s knowledge economy and cement the UK’s status as world leader in science, technology and engineering.’
The University of Manchester, UK, has said that Bruntwood SciTech, a UK property provider focused on the growth of the science and technology sector, is its preferred partner to deliver the so called Innovation District Manchester (ID Manchester).
The £1.5 billion development is described as ‘internationally significant’ and will ‘cement the UK’s position in the science and technology sector.’ ID Manchester will be designed to provide space for organisations of all sizes across a range of scientific sectors, with a particular focus on biomaterials, advanced materials, digital technology and health innovation, nurturing the next generation of businesses and bringing economic benefit to the UK and Manchester. The project will be delivered over a 15-year period and create some 10 000 jobs.
ID Manchester follows the completion of the £400 million Manchester Engineering Campus Development, said to be the largest university engineering site in the UK. In addition; the £60 million Masdar Building was opened recently, home to the Graphene Engineering Innovation Centre and the Manchester Institute of Biotechnology.
Chris Oglesby, Executive Chair, Bruntwood SciTech said: ‘From splitting the atom, to the first isolation of graphene, Manchester has been at the forefront of global innovation. The ambition to create an innovation district of this size and scale will help transform the UK’s knowledge economy and cement the UK’s status as world leader in science, technology and engineering.’
The UK Government has said that it is committed to increasing public R&D funding to £22 billion by 2024-25 as it seeks to ‘level-up’ the UK and ‘build back better.’