Council approves next steps for BioQuarter expansion
Councillors have unanimously backed the strategic business case behind a major project to transform the BioQuarter into a vibrant new neighbourhood in the south east of Edinburgh.
Billed as Edinburgh’s Health Innovation District, the planned expansion would see more space for research and healthcare innovation, commercial use, hotel, gym, retail and leisure – with the long-term vision for the site now including plans for residential housing.
It is estimated that, once complete, the development would support 9,000 new jobs, plus many more during construction.
BioQuarter is already playing a pivotal role in world-leading medical research and is a flagship development within the Life Sciences sector with a unique combination of specialist activities.
The Council is working in partnership with the University of Edinburgh, Scottish Enterprise and NHS Lothian to deliver the project, which aims to build on the BioQuarter’s existing expertise and facilities and by attracting, creating, and growing world class companies.
Councillors also agreed to contribute up to £500,000 towards taking the project to the next stage, including further development of the business case and related procurement process.
Council Leader Adam McVey, said: “We’re delighted to be part of the BioQuarter project, a hugely exciting and cutting-edge development that will make a massive contribution to the ongoing regeneration of the South East of the city – creating a whole new community of 20,000 people, with access to a vibrant new public square to meet in and use for a whole range of services and events.
“Following on from our announcement of £1.3bn plans for Granton Waterfront last week, this is another opportunity for us to build a sustainable new district to help us become a carbon neutral city by 2030. It will deliver thousands of new energy efficient high quality homes, many of them affordable, improved and new transport links and new walking and cycle paths.”
Depute Council Leader Cammy Day, said: “Life sciences have long been extremely valuable as a sector here in Edinburgh, and the BioQuarter is playing a hugely valuable role in its ongoing success. It’s estimated the development will create around 9,000 new jobs, many of which will be taken up by local people, with many more construction roles being created while it is being built.”