The Compliance and Projects
Manager introduced the report and noted that the report provided an
update on the Innovation Centre rather than solely the MedTech
Innovation Programme.
£7.6 million of the total
budget had been spent, with £2.6 million having been
reimbursed through European Regional Development Fund grants, and a
small overspend was noted. A delay in construction was anticipated
due to the site closing in January following an outbreak of
COVID-19.
The perspective occupants for
the Innovation Centre had not been negatively impacted by the
pandemic, being predominantly in the fields of health, life science
and medical technology, and occupancy rates in the first year were
predicted to be higher than originally projected.
In response to questions, it
was confirmed that marketing materials could be designed for both
colour printing and greyscale.
Members expressed their
excitement at the progress made and were optimistic to see the
building open for use.
RESOLVED: That the contents of the report be noted, and the Committee
express their thanks to the Officers and
building partners involved.