UK Centre for Medical Research and Innovation

This report, from the Innovation, Universities & Skills Committee, examines the establishment of the UK Centre for Medical Research and Innovation, to be located in central London, next to the British Library. This new body was created by the Medical Research Council (MRC), Cancer Research UK, the Wellcome Trust and University College London (UCL) and is to act as a centre for medical research bringing together the various science teams from these institutions. The establishment of UKCMRI though is both an exciting and risky venture, involving an estimated cost of £500 million, including nearly £300m of public funds through the Medical Research Council. The Committee has raised concerns about the financing of the project. At present, the Medical Research Council is to give £260m; Cancer Research UK, £150m; the Wellcome Trust, £100m and UCL, £46m. These figures are all estimates, and the Committee believes that the MRC need to establish an accurate breakdown of the costs involved in the project. Further, the Treasury's appropriation of £92m of the MRC's savings, has necessitated the MRC to apply for funding from The Large Facilities Capital Fund, and casts doubt over the MRC's ability to finance the project. Secondly, the Committee is concerned about the timetable and project management of the scheme, given the requirement of the MRC to apply for additional funding. Timetable challenges could be further acerbated by the construction and project management skills in demand for the 2012 Olympics. Also no planning permission had been gained from the local authority, Camden Borough Council, to use the site for a medical research centre. Finally the Committee is concerned about the science vision for the centre and that there is clear mission for the new institute, along with proper communication with staff over the direction of research programmes and facilities. The Committee expects to receive quarterly updates on the project's development.