Scottish Life Sciences Hub Reaches Significant Milestone

Scottish Cabinet Secretary for Finance Kate Forbes and UK Cabinet Office Minister Michael Gove recently attended a ceremony to mark significant construction progress at a new £40 million BioHub.

Scottish Construction Now reports that the Aberdeen life sciences site is scheduled to open in October 2022, and will be home to 400 scientific entrepreneurs, and aims to double the number of life sciences companies in the area by 2027.

BioHub will house spin-out, start-up, and scaling businesses that will develop new drugs, treatments, therapies and technologies, and create high-skilled jobs to help drive economic recovery in the fast-growing industry sector.

Opportunity North East is the lead partner and a funder for the project, which has secured £20 million of capital funding jointly provided by the Scottish Government and UK Government through the Aberdeen City Region Deal.

The flagship BioHub will join Aberdeen’s Foresterhill Health Campus, one of Europe’s largest integrated clinical, research and teaching sites for life sciences and medicine and will catalyse further collaborative innovation across the academic, commercial, and healthcare community.

Opportunity North East chairman Sir Ian Wood said that Biohub is an ‘iconic and truly transformational project’ that will deliver a huge boost to northeast Scotland’s life sciences sector, providing infrastructure to help support and attract businesses.

Ms Forbes said: “The life sciences sector is a thriving part of Scotland’s economy, growing at more than 10 per cent a year, providing more than 41,000 jobs and on target to achieve £8 billion turnover by 2025.”

Mr Gove said the BioHub will deliver a “world-class facility to support new business start-ups and expand Scotland’s powerhouse of life sciences innovation”, and added it “will bring new jobs to the region”.

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