BioQuarter: Edinburgh’s Health Innovation District

Creating a place where people live, learn, work, play, relax and discover. “There is no site I have been to that has this closeness to patients, that doesn’t exist anywhere in the UK. The juxtaposition of the scientists, the commercial ability, the NHS, the patients, all on one site offers unprecedented opportunity to drive innovation on a global scale.” Professor Kev Dhaliwal, Consultant Physician and Prof of Healthcare Technology, NHS Lothian and University of Edinburgh Foreword Ivan McKee MSP

Scotland’s capital city is globally renowned for its rich history in medical innovation, magnificent architecture and spectacular cultural events. Edinburgh is also a city of opportunity, home to world-class innovation and a great place to invest. Over the past two decades, Edinburgh BioQuarter has played a pivotal role in Scotland’s successes in the life sciences sector, which has a turnover in excess of £6.5bn and employs over 41,000 people. With the commitment of its partners City of Edinburgh Council, NHS Lothian, Scottish Enterprise and the University of Edinburgh, BioQuarter has had over £500m public capital investment, with a further £300m planned by its partners over the next five years. The planned expansion of BioQuarter into a vibrant community where academics and clinicians will rub shoulders with entrepreneurs, students and families is an opportunity for new private sector partners to be part of a global success story. This is undoubtedly one of the most exciting investment and collaboration opportunities available, with far-reaching benefits for investors, local communities and global health innovators alike. It will be a hub for innovators, and a magnet for clinical experts from around the world. The Scottish Government is committed to protecting and growing our economy and we are clear that our country is open for business.

We want you to be a part of that success.

Ivan McKee MSP Minister for Trade, Investment and Innovation

1 The Vision

Edinburgh BioQuarter is undergoing a transformation. Our vision is to rapidly grow the site into a vibrant mixed use neighbourhood of Edinburgh, centred around a world-leading community of healthcare innovators. By developing at scale and at pace together with a private sector partner we will accelerate solutions to global health challenges. BioQuarter will be known around the world as a key destination for health innovation and has the potential to become one of the UK’s largest single-site developments focussed on life sciences, data-driven innovation, medical teaching and research and healthcare delivery.

2 A placemaking strategy is emerging that will support the partners’ vision for BioQuarter. The new neighbourhood will be an attractive, inclusive urban quarter for people to live, learn, work, play, relax and discover. Shops, cafés, hotel, nursery and residential homes will sit alongside state-of-the-art innovation facilities - creating a lively environment that promotes health and wellbeing and where people want to visit. BioQuarter will be a welcoming and accessible place for local communities, with carbon neutral targets and excellent connectivity both within the site and to the wider city.

BioQuarter: Edinburgh’s Health Innovation District

3 The Opportunity

Over the last two decades, BioQuarter has played a pivotal role in cultivating world-leading medical research and life sciences innovation that is improving people’s lives around the world. The 167-acre site lies just three miles BioQuarter intends to seek a joint south of Edinburgh city centre. venture partner to be part of an It is home to 8,000 people who work ambitious vision to create a new and study within its boundary, this vibrant mixed-use neighbourhood includes many life sciences businesses in Edinburgh. With a Gross based at NINE, its Innovation Development Value estimated at Centre, the globally renowned over £1bn, there is an opportunity to Edinburgh Medical School, many develop in phases the remaining 61 of the University of Edinburgh’s acres of undeveloped land (estimated world-leading research institutes at circa 4m sq ft. of development). and the 900-bed Royal Infirmary of BioQuarter will support a community Edinburgh. of more than 20,000 as part of Edinburgh’s Health Innovation District.

4 The BioQuarter Strategy Board intends to procure a private sector partner to form a joint venture for this mixed-use development. Interested parties will be invited to take part in a OJEU Competitive Dialogue procurement process, which will include, but is not limited to, the following services:

Funding

Innovation ecosystem support services

Construction services

Development management services

Hard and soft facilities management services

Economic & Social Benefit Services

Overall Management & Legal Services

Key dates for OJEU competitive dialogue process. *

Q3 Q1 Q2 2020 2021 2022

Prior Information Notice published Commencement of OJEU competitive dialogue Estimated procurement in OJEU; market engagement and procurement process in accordance with the award date development of procurement strategy Public Contracts (Scotland) Regulations 2015

*Please note that due to the current COVID-19 pandemic at the time of printing, these deadlines are subject to change at the discretion of Edinburgh BioQuarter and its partners.

“Nowhere in the world is there such an exciting mix of globally significant research, teaching, data and health innovation, commercial and residential development, all in one neighbourhood at the scale of Edinburgh BioQuarter.” Anna Stamp, Programme Director, Edinburgh BioQuarter 5 Demand Analysis

• Take-up for life science sector projected at 70-80,000 sq ft pa in Edinburgh • Projected 80% of new space for office/dry-lab use and20% wet lab in Edinburgh • Edinburgh seeking to use Data-Driven Innovation programme to train 100,000 people in data skills • Edinburgh’s housing target: 3,340 units pa to 2032 • Edinburgh and South East City Region deal funding £751M granted for Research, Development and Innovation. Source: Cushman and Wakefield

“By bringing people together at BioQuarter, be they data scientists, experimental scientists, or people who are in clinical research we can truly tackle the global health challenges that we face.” Prof Stuart Forbes, Consultant Hepatologist and Director of the MRC Centre for Regenerative Medicine

6 The 2018 Tech Nation report NAMED that proclaimed Edinburgh the best place ‘the greenest in the UK for tech city in the UK’ companies to IN 2019. scale up and do business in. Source: First Mile

POPULATION OF AROUND 50,000 518,500 people are employed

(£1.4m within the city region) in the health sector, making up 15% of all jobs in Edinburgh.

Edinburgh has Edinburgh has one one of the most of the highest hotel PRODUCTIVE occupancy rates out of ECONOMIES all UK cities in 2018 at in the UK with GVA per capita higher than any other major city outside London. 82.9%

Edinburgh has a higher Home ownership percentage (77.8%) of in Edinburgh was the working age population in employment than any other major UK city and 56% 37.8% of all workers are in in 2018, higher than most high skilled occupations. other Scottish cities.

7 Phased Development Plan

Completed Zone 1

Completed Zone 2

Partners’ Pipeline Zone

JV Partners’ Zone (to be developed in phases)

Partner Expansion Zone

1. Edinburgh Imaging 2. Queen’s Medical Research Institute 3. Anne Rowling Regenerative Neurology Clinic 4. Chancellor’s Building, Edinburgh 6 Medical School 5. Royal Hospital for Children and Young People and Department of Clinical Neurosciences 7 6. Simpsons Centre for 4 Reproductive Health 7. Royal Infirmary of Edinburgh 3 8. University of Edinburgh MRC Centre for Regenerative Medicine 9. Centre for Tissue Repair 2 5 10. BioCube 1: Centre for Dementia Prevention 11. BioCube 2 1 12. NINE - Life Sciences Innovation Centre 13. Usher Institute 14. New Medical & Biomedical School 15. Princess Alexandra Eye Pavilion 16. University of Edinburgh Research

8 16

8 10 11

9 12

14 13

15

9 The Location

A highly skilled workforce, competitive cost base and hard to beat quality of life make Edinburgh an attractive destination for investors. Located just three miles south of Edinburgh’s historic city centre with its excellent transport networks, BioQuarter is close to an international airport, walking and cycle routes, local bus routes and national train services. BioQuarter sits within the City of Edinburgh Council’s North East and South East localities, which are highlighted as key areas of regeneration in the Local Development Plan. One of the drivers behind the vision for BioQuarter is to bring positive impacts to its surrounding communities by delivering social and economic benefits and inclusive growth for all.

10 Firth of Forth

Edinburgh International Airport 13.6 miles City Centre - 4.4 miles Waverley Train Station - 3.8 miles

London

“For Roslin CT, BioQuarter is really well placed to support company growth with the proximity to the University and the teaching hospital. It is great for attracting Edinburgh Bypass - 2.4 miles new talent and is a nice environment to grow our business.” Janet Downie, CEO, RoslinCT, Clinical Research Organisation

11 The Partnership

Behind Edinburgh BioQuarter is a partnership of four of Scotland’s most prominent public organisations – City of Edinburgh Council, NHS Lothian, Scottish Enterprise & the University of Edinburgh. This strategic partnership is brought together through a Collaboration Agreement signed in 2017, and overseen by the BioQuarter Strategy Board. By bringing their respective skills, expertise, specialisms, brands, resources and innovation pipelines together they form a formidable partnership. Join them.

“This is the start of an exciting journey in the next chapter of Edinburgh BioQuarter’s development. The opportunities here are vast and, once realised, can deliver significant and long lasting economic and social benefits for Edinburgh, Scotland and beyond.” Linda Hanna, managing director of Scottish economic development, Scottish Enterprise and BioQuarter Strategy Board

12 IMPORTANT NOTE This document has been prepared and is being distributed solely by the EBQ4 Partners (City of Edinburgh Council, NHS Lothian, Scottish Enterprise and the University of Edinburgh). It is made available to the addressee for the sole purpose of assessing whether to invest. This document does not constitute: (a) a recommendation by or advice from the EBQ4 partners to a recipient of this document on the merits or otherwise of participating in any investment vehicle; (b) a guarantee, forecast, projection or estimate of any future returns (or cash flows) on any investment; or (c) investment, tax or other advice. Prospective investors should consult their own legal, tax, accounting and other professional advisers before making any investment. If you have not received this document directly from the EBQ4, your receipt is unauthorised and you must return this document to the EBQ4 immediately. Next steps

For more information, please contact the BioQuarter Programme Team by email, [email protected] or visit www.edinburghbioquarter.com/opportunity