The MedCity vision is for London and the Greater South East (GSE) to be a world-leading, interconnected region for life science research, development, manufacturing and commercialisation – to deliver health improvements and economic growth. It seeks to:
- address barriers to growing the London and GSE life sciences sector;
- catalyse and enable more research collaborations;
- foster a more entrepreneurial environment within academic and NHS institutions; and
- attract significant investment into the sector and region.
The decision is requested to approve MedCity’s draft 2014/15 Business Plan, and release the grant funding as a contribution to MedCity Limited’s costs of meeting the above objectives.