Proposals have been announced for the creation of a precision medicine campus in the Corridor Manchester Enterprise Zone, located on the Manchester University NHS Foundation Trust campus.
Health Innovation Manchester, a partnership between Greater Manchester, academia, industry and the NHS, has been working with diagnostics firm QIAGEN on a joint project that will create and support 1,500 jobs and add £150m to Manchester’s economy over a decade.
The collaboration is also expected to bring health benefits to people through access to new tests and targeted treatments developed through research.
Civic, academic and health leaders of Manchester and Greater Manchester have welcomed the proposals.
Manchester City Council has approved a one-off investment of £21m, underwritten by life science enterprise zone business rates, as part of a public sector funding package to support research and development.
Greater Manchester Combined Authority has already agreed to provide £3m of loan funding.
Manchester already has major life sciences innovation hubs in the Corridor Manchester Campus and nearby Alderley Park.
The investment is expected to directly create 250 jobs and protect an extra 215 while supporting more than 1,000 more indirectly across Corridor Manchester. It is also expected to add an anticipated £140m to Manchester’s economy over a decade.
It will also act as a market for related small and medium-sized enterprises in life sciences sector as part of an Applied Health Innovation Campus.
Patients will be able to benefit more quickly from new tests and medicines and access to clinical trials due to Greater Manchester’s unique health and social care devolution arrangements.
Manchester City Council leader Richard Leese said: “This will help confirm Manchester as a world leader in this vital emerging industry with enormous growth potential.
“This is an opportunity that as a city we cannot afford to miss. It’s a win-win – not just creating a raft of new highly skilled health science jobs and an economic boost but crucially also opening up revolutionary new health benefits for people here.
“Manchester’s future success depends on building on our distinctive strengths and life sciences definitely falls into that category.”
Image: A CGI of Citylabs 2.0. Photo: courtesy of Manchester University NHS Foundation Trust.