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A £23 million project in Nottingham will benefit from an investment boost in order to speed up the development of new healthcare technologies and products in the region.

Provided by the D2N2 Local Enterprise Partnership (LEP), the £9.7 million cash injection will be used to develop the Medical Technologies Innovation Facility (MTIF) to increase the production of new health devices and advanced materials designed for medical purposes.

Operating in conjunction with Nottingham Trent University, the MTIF Centre is anticipated to create roughly 942 jobs in the next decade, along with £50 million worth of gross value to the local economy.

The development of the two new buildings – one to support research and development, and the other to support production and manufacture – is expected to integrate clinicians, scientists, inventors and engineers alike.

Chief executive of the D2N2, Sajeeda Rose, said: “Life Sciences is one of the LEP’s primary sectors, reflecting the number of bio and healthcare services companies in its area.

“I am pleased to see the approval of significant D2N2 funding for NTU’s planned Medical Technologies Innovation Facility, which will help firms get their innovative products into the marketplace more quickly.

“It’s a great example of a LEP area university working closely with the private sector, to help businesses expand.”

Nottingham Trent University vice-chancellor, Professor Edward Peck, commented: “Medical technology is one of the real strengths of the local economy, one of the real strengths of Nottingham Trent University and a major priority for the Midlands Engine; so, this is both a timely and exciting development.”

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