Over 20 million pounds to be blown on making a bio-campus

A staggering £20.5 million will be spent on making a new Bio Innovation Hub in the next three years.

The university has proposed to fund the project that will initiate Liverpool as a chief location in the world for medical development in treatments for diseases such as cancer and HIV.

The centre is planned to be finished before the new Royal in 2017, and will cost around £28 million all in all when completed.

The new centre is set to be built right next to the new Royal Hospital, which is also costing around £451 million to renovate.

The Royal is being renovated too

The two are set to work alongside each other, creating a whole new Bio Campus that will create around 5,000 new jobs.

The Bio Hub will cover 60,000 square foot, equivalent of 23 tennis courts and its aim will be to develop new treatments for different diseases, with a large focus on cancer.

The University is using money from the European Regional Development Fund to finance the hospital, after attempts to build the Bio Innovation Hub two years ago failed when the proposition was deemed insufficient value for money.

The Bio centre will work alongside the Royal hospital.

Researchers from the University will work alongside NHS partners and many other companies to gain the most beneficial communal research for patients.

This will put Liverpool alongside Boston and Singapore as a leading international centre for Life Sciences.

The new campus will also aim to help small companies develop drugs into new products, which would successfully keep investment within the city as well as providing many jobs.