‘Major’ funding boost announced for Yorkshire MedTech business community

A major funding boost will help transform the ‘thriving’ Medical Technology (MedTech) business community in Yorkshire.

The UKRI Engineering and Physical Sciences Research Council (EPSRC) investment will translate ‘state-of-the-art’ research from universities into the next generation of ‘innovative’ healthcare products and services, and help bring them to market. It will also create jobs and opportunities for future investment and economic growth in the region.

Overseen by the University of Leeds, working with the University of Sheffield and civic partners including West Yorkshire Combined Authority, South Yorkshire Mayoral Combined Authority and regional NHS Trusts, this £5m funding will help grow the Yorkshire MedTech Industry, and benefit an estimated two million patients by 2040.

Professor Nick Plant, Deputy Vice-Chancellor: Research and Innovation, commented: “This is an extremely exciting opportunity, supporting the world leading MedTech research and development that occurs across Yorkshire.

“This critical funding will further align the fantastic research coming out of universities in our region with the needs of the MedTech industry, speeding up the translation of innovative solutions to marketed products.

“This is a great opportunity for researchers, business and civic partners across the Yorkshire region to work together to drive sustainable economic growth, create high-value jobs and unlock private sector investment in research and development.”

Funding will be offered to research groups across the region working on MedTech products to assess the market and clinical needs for new technologies, as well as supporting preliminary and technical work to bridge the existing gap between research and products in the market.

The funding will also support networking events, public and patient engagement activities, workshops and secondments. The MedTech business cluster in the Yorkshire region is worth £2bn, with over 200 companies employing more than 16,000 people, with many staff in specialist, high value roles. 

Prof Ruth Wilcox, Director of the Institute of Medical and Biological Engineering at the University of Leeds, who led the bid with colleagues from the Insigneo Institute at the University of Sheffield, said: “This funding will support researchers at universities across Yorkshire to work with our strong regional MedTech industry and translate their research into new medical products and services.”  

Professor Paul Hatton, Faculty Director for Research and Innovation at the University of Sheffield, said: “This major investment recognises the importance of the Medical Technologies sector across Yorkshire that aligns closely with shared academic strengths in health and biomedical engineering.”

By Matthew Neville – Senior Correspondent, Bdaily

• Add me on LinkedIn and Twitter to keep up to date
• And follow Bdaily on Facebook, Twitter and LinkedIn
• Submit press releases to editor@bdaily.co.uk for consideration.

Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →