Birmingham named one of just six new Life Sciences Opportunity Zones
The Birmingham Health Partners ecosystem – which will soon begin construction of Birmingham Life Sciences Park – has been awarded Life Sciences Opportunity Zone status by the Department for Business, Energy and Industrial Strategy (BEIS).
As one of only six sites in the country to receive this designation, Birmingham Health Partners (BHP) has been recognised by Government for its world-class research infrastructure which brings together academics from the University of Birmingham, clinicians from University Hospitals Birmingham and Birmingham Women’s and Children’s NHS Foundation Trusts, and industry. The panel were impressed by the partnership approach and BHP’s ambitious plans to catalyse growth within its established biomedical ecosystem, which already supports around 50 health and life science businesses, through the upcoming development of Birmingham Life Sciences Park (BLSP).
By working across BHP and in partnership with a major developer and regional stakeholders including West Midlands Combined Authority and Greater Birmingham & Solihull Local Enterprise Partnership, BLSP is set to deliver up to 3,000 jobs and generate more than £180m GVA in the first ten years. With up to 750,000 sq. ft. available for health and life science businesses, BLSP will provide the ‘front door’ for industry to access BHP’s thriving ecosystem including the region’s large, diverse and stable 6m population – with wider regional impact assured through BHP’s close working relationship with the West Midlands Academic Health Sciences Network.
Through attaining Life Sciences Opportunity Zone status, BHP and BLSP will be critical in delivering key themes of the life sciences Industrial Strategy, including: improving UK clinical trials capability; supporting the growth of life science clusters; linking businesses directly to the NHS; and delivering data-enabled healthcare innovation.
The six Life Sciences Opportunity Zones will connect and collaborate to advance research in the health sciences and promote the UK’s expertise in this sector internationally. By harnessing this new designation and working closely with BEIS, OLS and DIT, BLSP will become a focus for inward investment in life sciences for the West Midlands region.
(Content Courtesy: https://www.birmingham.ac.uk/news/latest/2020/02/birmingham-named-one-of-just-six-new-life-sciences-opportunity-zones.aspx)