Two of London's leading universities, Imperial and King's, have signed a Memorandum of Understanding signalling their intention to join the UK Centre for Medical Research and Innovation. Several months of negotiation lie ahead before the universities formally become part of the project.
Biologists, chemists, physicists, engineers, computer scientists and mathematicians will work side by side under one roof near to some of the UK's leading hospitals and research centres to focus on understanding and tackling the underlying causes of disease.
The four founding partners include the Medical Research Council, Cancer Research UK, the Wellcome Trust and UCL (University College London). If they become full partners, Imperial and King's would each contribute £40 million to the development of the new institute to match the contribution of the founding academic partner - UCL.
The additional funding would enable UKCMRI to do even more, more quickly than would otherwise have been the case. The costs of construction have not changed. For more details click here.