Edinburgh BioQuarter Innovation District Joint Venture Fact Sheet For PIN 2 Edinburgh BioQuarter Innovation District Joint Venture Fact Sheet For PIN 1. INTRODUCTION Edinburgh BioQuarter is one of the UK’s largest development opportunities in the life sciences sector. This document has been developed by the Edinburgh BioQuarter Partners to provide detail on plans to create a world leading healthcare focussed innovation district; a vibrant economic community that will spread increased wealth and well-being locally, nationally, and internationally. The document forms part of a premarket engagement exercise in advance of a formal procurement process to identify and secure a private sector joint venture partner. Details included are subject to change as proposals are developed over the coming months. To help inform these proposals we would really like to hear from you via the accompanying PIN Questionnaire. 1.1 PARTNERSHIP Edinburgh BioQuarter is currently a partnership between the Over these past 2 decades, the 167-acre site, located 3 miles City of Edinburgh Council, NHS Lothian, Scottish Enterprise and south of Edinburgh City Centre, has developed extensively. the University of Edinburgh; together the Edinburgh BioQuarter BioQuarter Partners have invested over £500 million of capital Partners. This longstanding strategic partnership is governed by for buildings, infrastructure and specialist equipment with a a Strategy Board, chaired by Paul Lawrence, Director of Place for further circa. £300 million of pipeline academic and clinical the City of Edinburgh Council. The Strategy Board oversees the projects planned over the next decade. Funding to date has been strategic development and stewardship of BioQuarter in line with provided by the individual BioQuarter Partners, research councils, the shared vision. The partnership will be further strengthened philanthropic and government investment. through the formation of a new legal structure, which will also be the contracting authority for the procurement process. By 1.4 BIOQUARTER TODAY combining their skills, expertise, specialisms, brands and resources the BioQuarter Partners have created a unique and compelling Currently home to a community of around 8000 staff and opportunity. students as well as significant numbers of patients and visitors, the site is a melting pot of talent and facilities in commercial, 1.2 PUBLIC–PRIVATE JOINT VENTURE academic and clinical research, bioinformatics and data- driven innovation. At its heart is the aforementioned Royal The proposal is to undertake an OJEU procurement exercise to Infirmary of Edinburgh (RIE). With its circa. 900 beds it is one select an investment and development private sector partner with of Scotland’s major acute teaching hospitals and tertiary care the financial means and experience to accelerate delivery of the centres. Alongside the RIE is the soon to be opened Royal vision in a new joint venture with the BioQuarter Partners. Hospital for Children and Young People and Department of Clinical Neurosciences. BioQuarter is also home to the University The procurement process will be designed to ensure selection of of Edinburgh Medical School with its specific research strengths the right private sector partner. This may be a single organisation including brain sciences, advance technology, regenerative or group of organisations that together can demonstrate: access medicine, medical informatics, data-driven health innovation and to capital (with the focus on long term returns rather than short translational medicine. At its core, BioQuarter exists to advance term gains), experience in the development and management healthcare discoveries and education, improve people’s lives and of similar science and technology focussed mixed use sites and a enhance health and well-being. commitment to the creation and development of a vibrant and productive innovation ecosystem that will underpin success. 1.5 EXISTING INNOVATION ECOSYSTEM 1.3 BACKGROUND BioQuarter’s ecosystem, like all ecosystems, is taking time to develop (in a systematic way that plays to its key strengths as In 1997, Scottish Government obtained planning permission noted above), but already has some notable successes including for land in the Little France area of Edinburgh. This allowed the creation of several new University of Edinburgh spin out the relocation of the city’s Royal Infirmary of Edinburgh and companies. Commercial space at BioQuarter is located in the University of Edinburgh’s Medical School from their historic NINE and BioCubes which are owned and managed by Scottish sites in the City Centre, as the first stage in the creation of a Enterprise. NINE, which was opened in 2012, provides a mix of new bioscience neighbourhood. Development commenced incubator and grow-on space for life sciences companies. It has immediately and in 2002 NHS Lothian opened the first building been home to more than 25 SMEs, at varying stages of growth to patients – the new Royal Infirmary of Edinburgh. At the same and from across the life sciences spectrum. Currently there are 14 time the University completed the first phase of relocation of companies based in NINE. the College of Medicine and Veterinary Medicine with the move of medical teaching and research to the adjacent Chancellor’s Building and Queens Medical Research Institute. In 2004 Scottish Enterprise acquired the surrounding land with a view to establishing one of Europe’s leading science parks for life sciences companies – the first location in the UK to co-locate academic research, clinical development and commercial research at scale: delivering the reality of “bench to beside” medicine. In 2007 the site was named as Edinburgh BioQuarter. 3 Phased Development Plan Completed Zone 1 Completed Zone 2 Partners’ Pipeline Zone 16 JV Partners’ Zone (to be developed in phases) Partner Expansion Zone 8 10 11 1. Edinburgh Imaging 2. Queen’s Medical Research Institute 9 12 3. Anne Rowling Regenerative Neurology Clinic 4. Chancellor’s Building, Edinburgh Medical School 6 5. Royal Hospital for Children and Young People and Department of 14 Clinical Neurosciences 13 6. Simpsons Centre for 7 Reproductive Health 4 7. Royal Infirmary of Edinburgh 8. University of Edinburgh MRC 3 Centre for Regenerative Medicine 15 9. Centre for Tissue Repair 2 10. BioCube 1: Centre for Dementia 5 Prevention 11. BioCube 2 12. NINE - Life Sciences 1 Innovation Centre PIN 13. Usher Institute 14. New Medical & Biomedical School 15. Princess Alexandra Eye Pavilion Edinburgh BioQuarter Innovation District Joint Venture Joint District Innovation BioQuarter Edinburgh 16. For Sheet Fact University of Edinburgh Research 4 Edinburgh BioQuarter Innovation District Joint Venture Fact Sheet For PIN 2. THE VISION The Edinburgh BioQuarter Partners long term vision for the BioQuarter is transformational and represents a significant strategic development opportunity for Edinburgh and Scotland as a global destination. 2.1 VISION: EDINBURGH’S HEALTH INNOVATION 2.2 PLACEMAKING VISION DISTRICT Placemaking is an essential component in realising the vision. The BioQuarter Partners are unified in their ambition to transform The new neighbourhood will deliver an attractive, welcoming BioQuarter into Edinburgh’s Health Innovation District. The vision urban quarter for people to live, learn, work, play relax and is to rapidly grow the site into a new mixed-use neighbourhood discover. The vision is to create state-of-the-art health innovation of Edinburgh, centred around a world leading community of facilities that will sit alongside shops, cafés, hotel, nursery and healthcare innovators. Through a public-private joint venture, by residential homes, creating a critical mass of people and a lively developing at scale and pace, BioQuarter will accelerate solutions environment that promotes the health and wellbeing of its to global health challenges. community. A place where people want to be. The vision is to grow BioQuarter from a national to a global Essential to realising the vision of creating Edinburgh’s Health destination and become one of the UK’s largest single Innovation District is the emerging Placemaking Strategy. developments focussed on health. The strategic driver is to accelerate advances in healthcare and well-being, expediting The Placemaking Strategy has 4 key components the discovery of new diagnostic tools and treatments for us all. BioQuarter also has the potential to form an integral part of • Town planning and Public Realm: increase densities, heights, the continued regeneration of the local communities with jobs, and quantum of mixed-use accommodation to create the skills and education, and to bring significant health, social and critical mass of people and facilities economic benefits to Edinburgh and Scotland. With a worldwide • Sustainability and Well-being: zero carbon, future climate ready life sciences market value of £868 billion and an anticipated and biodiversity net gain annual growth of 8 to 10 percent, the commercial life sciences, data innovation and biomedical sectors are crucial to the global • Connectivity: ensuring that movement around the site is economy. In this growing market, it is essential that BioQuarter is both safe, enjoyable and easy. Ensure that the BioQuarter is established to compete on a global platform with the leading life connected to both the local areas with investment in active sciences and healthcare offerings. travel and wider Edinburgh with public transport Community: BioQuarter is about people and ensuring