Edinburgh BioQuarter has launched a community consultation to find a backer for its £1 billion Health Innovation District in the city centre.
The organisation has released a fly-through video to showcase the new development, seeking feedback on how the site will evolve over the next decade and beyond.
BioQuarter is a partnership between the University of Edinburgh, NHS Lothian, Edinburgh Council and Scottish Enterprise.
Edinburgh’s BioQuarter currently sits in the Southside of the city alongside several medical research institutes and businesses. The plan is to grow to a community of more than 20,000 people who will live, work or study at the 167-acre site.
The expansion will support an estimated 9,000 longer-term new jobs, plus additional construction jobs, while greatly expanding the numbers of spin-out and start-up companies.
Anna Stamp, Edinburgh BioQuarter, Interim Programme Director, discussing the launch of the consultation, said: “Over the past two decades BioQuarter has grown as a place for health innovation with some of the country’s top medical research and life sciences businesses working together across the site.
“We want your views to help shape BioQuarter’s development. This is an exciting time as we look to create a new community in the city; a vibrant neighbourhood that promotes health and wellbeing and complements its surrounding areas. We have a unique opportunity here, which, if developed in the right way, can deliver huge benefits to the City, including economic growth, jobs skills and education.
“As part of the development of our Health Innovation District, we want to make sure it includes the right mix of amenities that will ensure it becomes a great new place to live, work and discover.”
The organisation has issued a prior information notice (PIN) in the Official Journal of the European Union (OJEU) in preparation for a virtual bidder’s day for interested parties, planned for 1 September 2020.
More than £500 million of capital has been invested BioQuarter so far, with a further £330 million of capital investment planned for the next five years for buildings, infrastructure, and specialist equipment.
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Commenting on the development, Scotland’s Minister for Trade, Investment and Innovation Ivan McKee said: “There has never been a greater spotlight on life sciences and Edinburgh BioQuarter is already proving to be a world-class location at the heart of this industry.
“The planned expansion of the BioQuarter into a vibrant community centred around the sector is undoubtedly one of the most exciting investments and collaborative opportunities available.
“It will have far-reaching benefits for investors, local communities and global health innovators alike, which will be all the more important as we plan our economic recovery from Covid-19.”