MD1375 MedCity

Type of decision: 
Mayoral decision
Code: 
MD1375
Date signed: 
11 July 2014
Decision by: 
Boris Johnson MP (past staff), Mayor of London

Executive summary

The MedCity vision is for London and the Greater South East (GSE) to be a world-leading, interconnected region for life science research, development, manufacturing and commercialisation – to deliver health improvements and economic growth. It seeks to:

  • address barriers to growing the London and GSE life sciences sector;
  • catalyse and enable more research collaborations;
  • foster a more entrepreneurial environment within academic and NHS institutions; and
  • attract significant investment into the sector and region.

The decision is requested to approve MedCity’s draft 2014/15 Business Plan, and release the grant funding as a contribution to MedCity Limited’s costs of meeting the above objectives.

Part 1: Non-confidential facts and advice