Issue - meetings

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.