Market Leads & Opportunities

£132m life science scheme set to take step forward

Source: https://www.insidermedia.com/news/

Plans for a new £132m life science, well-being and sports campuses project in Swansea that is expected create more than 1,000 jobs are set to move forward.Swansea Council’s cabinet is set to scrutinse the plans next week (16 September) with a recommendation to approve the business case for the project. The investment will then be considered at the City Deal’s Joint Committee before submission to the UK Government and Welsh Government for final sign-off.The project is one of nine forming part of the £1.3bn Swansea Bay City Deal investment across the Swansea Bay City Region.The two-site, phased project includes:The creation of an Institute of Life Science space at the Morriston Hospital site, which will include commercial and academic collaboration alongside clinical research and development;Planning for a new access road from the M4 to a 55-acre site adjacent to the current hospital site;The creation of a research and innovation space at the Sketty Lane sports park to support the development, testing and evaluation of medical, health, well-being and sport technologies, as well as commercial collaborations.The project is being led by Swansea University, in partnership with Swansea Council, Swansea Bay University Health Board, Hywel Dda University Health Board, the ARCH Partnership (A Regional Collaboration for Health) and key private sector partners.