Opportunity

Edinburgh: BioQuarter


Key Sectors: Commercial/office, Life sciences and biotech, Retail & leisure, Tourism and hospitality

OVERVIEW

BioQuarter: Edinburgh’s Health Innovation District. The partners’ vision is to grow Edinburgh BioQuarter into a new vibrant mixed-use neighbourhood of Edinburgh, centred on a world-leading community of healthcare innovators.
By developing at scale and at pace with a private sector partner we will accelerate solutions to global health challenges. The Future of Healthcare is Here.

DESCRIPTION

Over the last two decades, Edinburgh BioQuarter has played a pivotal role in cultivating world-leading medical research and life sciences innovation that is improving people’s lives around the world. BioQuarter is a leading UK centre of excellence in health and life sciences innovation, with a community of 8,000 people working and studying within its boundary. This 160-acre site – situated just three miles south of Edinburgh’s City Centre – is a melting pot of talent which includes many award winning life sciences businesses based in NINE, its Life Sciences Innovation Centre, at the globally renowned Edinburgh Medical School next to the 900-bed Royal Infirmary of Edinburgh. The site is also home to many of the University of Edinburgh’s world-leading medical research institutes, including the MRC Centre for Regenerative Medicine and the Anne Rowling Regenerative Neurology Clinic. BioQuarter’s public partnership – City of Edinburgh Council, NHS Lothian, Scottish Enterprise and the University of Edinburgh – has already invested over £500m in the site, with a further £300m investment planned in the next five years through partner pipeline projects.

VISION

BioQuarter is developing a masterplan and place-making strategy and intends to seek a joint venture partner through a formal OJEU process (commencing in 2021) to accelerate phased developments of the remaining 67 acres of land. The long-term vision for the site now includes plans for residential housing, more space for research and healthcare innovation, hotel, retail, leisure, and food and drink spaces. The expansion will support an estimated 9,000 new jobs, as well as further boosting the pipeline of successful companies created by BioQuarter. Once completed the new vision could deliver one of the largest single developments in the UK focussed on life sciences innovation, health care delivery, medical research and teaching. 

A highly skilled workforce, competitive cost base and hard to beat quality of life make Edinburgh an attractive destination. Located just three miles from Edinburgh’s historic city centre; BioQuarter is located within easy access to international airports, walking and cycling routes, local bus routes, tram services and national rail services.

INVESTMENT REQUIRED

To deliver its global ambitions – with a gross development value (GDV) estimated at over £750m – the BioQuarter Strategy Board intends to seek a joint venture partner to develop the remaining 67 acres at BioQuarter. Interested parties will be invited to take part in a OJEU Competitive Dialogue procurement process, which will include, but is not limited to, the following services:

  • Funding
  • Commercialisation and knowledge
  • Exchange management
  • Construction
  • Development management
  • Hard and soft facilities management
THE OJEU COMPETITIVE DIALOGUE PROCESS WILL COMMENCE IN 2020

APRIL 2020

Prior information Notice published in OJEU: market, engagement and development of procurement strategy

2021

Commencement of OJEU competitive dialogue procurement process in accordance with the Public Contracts (Scotland) Regulations 2015

CONTACT

David Ridd
T: +44 (0) 7730 616 435
E: david.ridd@edinburghbioquarter.com

QUICK FACTS

Location: Edinburgh, Scotland

Promoters: City of Edinburgh Council, NHS Lothian, Scottish Enterprise and the University of Edinburgh

Sector: Mixed Use, Life Sciences and data innovation, commercial, clinical and academic, retail and leisure

Investment Type: JV Partner / Development Finance

Planning status: Supplementary planning guidance approval is being sought for revised outline masterplan

www.edinburghbioquarter.com

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