Medicity

A £1.4million investment at a Nottingham and Derby Enterprise Zone site has provided more space for companies working in life sciences, a key D2N2 sector.

Boots, the UK’s leading pharmacy-led health and beauty retailer; MediCity, the business incubation site for health, wellbeing and life sciences enterprises; and D2N2 has funded the refurbishment of further areas within MediCity to create an additional 29,800 square feet of space to host a cluster of new and growing health, medical technology and life sciences sector companies.

MediCity is based on the Boots site in Beeston, which is part of the Nottingham and Derby Enterprise Zone. It’s estimated the newly expanded facility, which opened in spring 2017, could directly create more than 150 jobs over the next 18 years (up to 2034).

Utilising previously agreed investments Boots and MediCity provided just over half the funding for the new venture, which cost £1.4m in total. D2N2 provided £740,000, via its LGF allocation.

The then Business Minister Nick Hurd visited MediCity to hear about the plans in November 2016.

For further information on MediCity go to link www.biocity.co.uk/medicity/nottingham