D2N2 provided £9.7 million from the Local Growth Fund to the development of the £23 million facility dedicated to the development, clinical production and commercialisation of new medical technologies and are due to be completed in autumn 2020.
MTIF will focus on the development of innovative products and advanced materials to meet future healthcare needs. A key aim is to improve patient care by speeding up medical product development and getting innovations to market as quickly as possible – critical for patients, businesses, the NHS and regional economic growth.
The facility will provide access to a unique set of resources for the development of new products. This includes laboratories, clean rooms, technologies and expertise for processing, prototype development and clinical manufacturing processes.
Work also started earlier this year on a building at NTU’s Clifton Campus – due for completion in summer 2020 – which will focus on research, linking academics with industry to provide a multidisciplinary approach to medical technology development.
The overall MTIF project will form strategic alliances with a range of organisations to help ensure effective support to companies and researchers.
Once launched it is expected to become a major specialist innovation asset within the developing Midlands Engine area.
D2N2 is the private sector-led partnership which promotes economic growth across Derby, Derbyshire, Nottingham and Nottinghamshire. It has been allocated more than £250m in LGF funding from the Government, to part-fund infrastructure projects which directly help its area’s economy and create jobs.
Local Enterprise Partnerships are playing a vital role in driving forward economic growth across the country, helping to build a country that works for everyone. By 2021 Government will have invested over £12billion through the Local Growth Fund, allowing Local Enterprise Partnerships to use their local knowledge to stimulate economic growth across the country.
Elizabeth Fagan, Chair of the D2N2 Local Enterprise Partnership and Non-Executive Chair, Boots UK, said: “D2N2 is proud to have invested over £9.7m from the Local Growth Fund into the dual-site Medical Technologies Innovation Facility (MTIF) on NTU Clifton campus and the Boots site, which is part of the Nottingham Enterprise Zone.
“I speak for Boots too in saying we’re delighted to welcome this new facility to the site. The location has an amazing history of innovation in healthcare and wellbeing, and MTIF will join a growing cluster of medical technology businesses. This is a great example of how joint investment and partnership can drive business innovation both in the region and the UK.”
The Minister for Local Growth, Rt Hon Jake Berry MP, said: “We are committed to boosting economic growth across the whole of the Midlands Engine and building a country that works for everyone.
“Our growing Med Tech sector not only helps patients get better treatment but also plays a dynamic role in driving forward the economic growth of the UK so I’m delighted that £9.7million from the Local Growth Fund is being invested in Nottingham Trent University’s new dual-site Medical Technologies Innovation Facility.”
Professor Mark Biggs, Pro-Vice-Chancellor and Head of College of Science and Technology at NTU, and MTIF sponsor on the University Executive Team said: “At NTU we are finding new ways for researchers and innovators to collaborate and share ideas and to do so in a way that creates outstanding impact and opportunities for society.”
He said: “MTIF embodies that, transforming world-class research and innovation into new medical products and technologies that will help to improve people’s lives across the UK and beyond.”