£250 million commitment to UKCMRI

26 March 2010

The Government have committed £250 million to fund the UK Centre for Medical Research and Innovation (UKCMRI), the planned state-of-the-art biomedical research institute in central London.

UKCMRI is a groundbreaking project to create a world-leading biomedical research institute in central London. It will gather research teams from the MRC’s National Institute for Medical Research, the Cancer Research UK London Research Institute, and University College London, working closely with researchers located in surrounding universities and research intensive hospitals. The Wellcome Trust will fund scientists working at the centre adding to the interdisciplinary mix.

£250 million will be allocated to the MRC by the Department for Business, Innovation and Skills (BIS) following a successful investment bid. This will be in addition to the £47million already spent by the MRC on the UKCMRI site, totalling the MRC’s contribution to around £300million. The announcement was made by Prime Minister Gordon Brown during a visit to the Wellcome Trust with Business Secretary Peter Mandelson and Health Secretary Andy Burnham.

This allocation is still subject to approval of the Business Case towards the end of 2010 and agreement with project partners to ensure value for money, but it confirms the Government’s commitment to the project and will enable the partners to commit their funding.

It’s crucial that the importance of investment in medical research is widely recognised, even in today’s choppy economic waters. This commitment will reap huge economic rewards for the UK’s future. We know, for example, that for every £1 invested in cardiovascular disease research alone, around 39p is generated for the economy, every year, forever.

Sir Leszek Borysiewicz, Chief Executive of the Medical Research Council

UKCMRI will be constructed on 3.6 acres of land, to the north of the British Library in the St Pancras and Somers Town area of north London. The planning application for the new Institute will be submitted in Spring 2010, following a consultation period with the community and stakeholders.

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