New city district project issues call for private sector support

A PRIVATE sector partner is being sought, to help deliver a new district in Edinburgh, specialising in healthcare innovations.

The proposed BioQuarter district in the south-west of the city has been described as “a £1billion (estimated gross development value) health innovation district which will create jobs, homes, and a community for thousands of people in Edinburgh”.

Says a media announcement, here: “BioQuarter, which sits just three miles south of Edinburgh city centre, is expected to be worth around £140m a year to the Scottish economy in the next decade, employing almost 13,000 people and supporting more than 200 health innovation companies to grow.

“Over the lifetime of the development, there is the potential to grow to a health innovation community of 20,000 with 2,500 residential units on site. It will create an entirely new neighbourhood for one of Europe’s most vibrant capital cities, supporting growth and regeneration for local communities.

“BioQuarter is expected to receive £550million of discounted capital investment, supporting 4,310 jobs in construction and contributing £270million gross, cumulative, discounted construction impact to Scottish GVA [Gross Value Added].”

One of the partners in the project is the city council, which has issued its own announcement about the appeal, here.

A video of the masterplan can be viewed, here.

Picture credit: Edinburgh BioQuarter

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