UKCMRI milestone: agreement signed

The consortium behind the UK Centre for Medical Research and Innovation (UKCMRI) has formally agreed to build the new institute at St Pancras and Somers Town in the London Borough of Camden. The Medical Research Council (MRC), Cancer Research UK, Wellcome Trust and UCL signed an agreement yesterday to set up UKCMRI as a charitable foundation subject to the agreement of the Charity Commission. The signing ceremony was attended by the Minister for Universities and Science, David Willetts MP and Health Minister Lord Howe. When he set out the Government's National Infrastructure Plan in October, the Prime Minister, David Cameron, identified UKCMRI as a key part of the country's future economic development. The plan followed confirmation of the Government's share of funding in the Spending Review. Describing scientific research as 'vital to our future economic success', the Chancellor of the Exchequer, George Osborne, announced Government funding subject to approval of the MRC's full business case. The £600 million Centre will prevent and cure disease, create jobs and harness a sector of the economy in which the UK is a world leader.
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