UKRI’s Engineering and Physical Sciences Research Council (EPSRC) has invested in the medical technology (MedTech) research community in Sheffield to support the development of next-generation healthcare technologies.
As well as helping bring solutions to market, the funding is hoped to create jobs and opportunities for future investment in the region.
The £5m funding will be overseen by the University of Sheffield and University of Leeds, working with public sector partners, including South Yorkshire Mayoral Combined Authority, West Yorkshire Combined Authority and regional NHS Trusts.
What’s more, the investment will be used to grow the Yorkshire MedTech Industry and benefit an estimated two million patients by 2040.
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.
“Harnessing the combined research power of Sheffield and Leeds universities will drive innovation and new product development, creating jobs and growing the regional economy.”
Research groups working across the region working on medical technologies will recieve a share of the funding to support product assessments, as well as networking events, public and patient engagement activities, workshops and secondments.
George Freeman MP, science minister, added: “The UK is already home to clusters of world-class science and technology talent, bringing together top universities, cutting-edge research institutes and enterprising businesses of all sizes and it is crucial we channel these hubs of scientific advance and growth to level up our country.”
Currently, this market cluster in the Yorkshire region is worth £2bn, with more than 200 companies employing more than 16,000 people in industry roles.
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