Student Developments Driving Out Coventry's Businesses
20th Jul 2018
Construction of the £41 million first phase of the building, adjacent to the University's campus, has started on site with completion in 2019. The new campus aims to drive advances in health care, and has been funded by the University in partnership with the Lancashire Enterprise Partnership's Growth Deal fund (£17 million grant) and The European Regional Development Fund (£8.6 million grant).
The university website highlights "The Health Innovation Campus is a pioneering new project that will bring together innovators, academics, entrepreneurs, businesses, local government, citizens and health care providers".
The ERDF was established by the EU to help local areas stimulate their economic development by investing in projects that directly support innovation, businesses, job creation and regeneration of local communities.
The Health Innovation Campus (HIC) will support over 300 enterprises in the Lancashire region, with a focus on the "prevention and early diagnosis of illness and access to care". Lancaster University's Deputy Vice-Chancellor Professor Andrew Atherton added: "The Health Innovation Campus is an ambitious and exciting extension of our partnerships to improve productivity through innovation, and promises to boost the region's prosperity and help us all live longer and healthier lives".
BAM Construction is building the first phase of the 350,000 sq ft campus plan.
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