China pumps £200m into Cambridge Science Park biohub
Chinese investment of £200 million will create a groundbreaking biohub at Cambridge Science Park.
The investment from Tsinghua University Holdings (TUS) will create a nextgen biohub with research laboratories that will be home to young entrepreneurial scientists and filled with cutting edge equipment.
This will drive innovative research and help to develop this research into life changing drugs and new surgical techniques that could improve the lives of many. The deal was unveiled as Prime Minister Theresa May intensified the ‘Golden Era’ in UK-China trade during her trip to the country.
Cambridge Science Park was among 50 businesses and organisations representing a range of sectors accompanying the PM on her visit which embraced Wuhan, Beijing and Shanghai.
TeMay said: “This collaboration between two world-leading institutes is an inspiring example of the many ways the UK and China can work more closely together. It’s also great news for investment in biosciences and research in Cambridge.
“The UK and China are both global powers with a global outlook and I’ve been using this trip as an opportunity to promote the UK’s innovative enterprises and discuss future research and trade opportunities for centres like Cambridge Science Park.”
Trinity College Cambridge is the mastermind of the Science Park and senior bursar, Rory Landman, said: “This landmark investment is great news for Cambridge Science Park and its resident technology startups. Together, the Biohub and the Bradfield Centre will increase the proportion of early stage companies on the park. This will strengthen Cambridge’s world-class position as the place to develop and grow deep technology businesses.”
Trade between the UK and China is already at record levels and China is expected to be one of the UK’s largest foreign investors by 2020.
The joint venture between Trinity College, which owns Cambridge Science Park, and TUS is part of the college’s wider strategy for the park and marks an important phase of renewal investment in the oldest part of the site. Other elements of the collaboration will include academic exchanges between Cambridge University and Tsinghua University.