Funding boost for MediCity is welcomed

The Chancellor George Osbourne announced the Government will part-fund MediCity
The Chancellor George Osbourne announced the Government will part-fund MediCity

Plans to set up a new national medical facility in Newhouse received a major Government funding boost.

Chancellor George Osbourne announced that £1.2 million will be provided towards the £4 million cost of setting up the MediCity Scotland facility at BioCity Scotland.

The money is part of a £23 million Glasgow and Clyde Valley City Deal funding package for the life sciences, business and arts sectors.

BioCity chief executive officer Dr Glenn Crocker said MediCity Scotland would replicate a similar, successful, facility in Nottingham.

He said: “This major funding package is greatly welcomed. It will enable us to create MediCity Scotland which will be a focus for the commercialisation of innovation in the fields of healthcare and wellness.

“BioCity Scotland will provide a dedicated building for MediCity Scotland, on our site at Newhouse, where our life sciences hub is thriving.

“MediCity Scotland will address a need for a focal point for Scotland’s healthcare, diagnostics and med tech sector creating a critical mass of activity.

“It will bring together partners in academic institutions, including the Universities of Glasgow and Strathclyde, the NHS, and large and small corporates, and combine entrepreneurs, frustrated healthcare users, providers with unmet needs and technologies in a melting pot of innovation and creativity.”