£20m L&G partnership launches Advanced Care Research Centre
The University of Edinburgh and Legal & General have announced a major partnership to improve understanding of care in later life and to revolutionise how it is delivered.
The £20m agreement marks the University’s largest industry investment to be confirmed as part of the Data-Driven Innovation (DDI) programme within the Edinburgh and South East Scotland City Region Deal, for which the Bayes Centre is one of the University’s five innovation hubs.
The collaboration develpment, led by Edinburgh Innovations will establish the Advanced Care Research Centre (ACRC), a seven-year multi-disciplinary research programme and the first of its kind in the UK. The Centre will enable data-driven, personalised and affordable care that delivers independence, dignity and a high quality of life for people living in their own homes or in supported care environments.
Legal & General is the UK’s largest pension fund investor and a leading provider of retirement products. The ACRC will allow for the combination of research across mutliples field, including, medicine, life sciences, egineering, informaticats data sciences and other care professions.
Edinburgh Innovations, the University’s commercialisation service, led the development of the relationship between the University and L&G, the UK’s largest pension fund investor, over the past 18 months.
In early February more than 60 academics from across the University’s three Colleges convened at Edinburgh Innovations to begin the process of developing the ACRC’s Work Programmes.
Professor of General Practice at the University’s Usher Institute, Bruce Guthrie, has been named as ACRC Director and will lead a new cohort of researchers dedicated to the field of ageing and care.
"We are to host this ground-breaking collaboration with colleagues at Legal & General. This exceptional partnership will re-imagine care for the mid-21st century. As our population ages, so we need to develop innovative new approaches to provide individually tailored care. This is the big challenge that the partners will address, bringing to bear pioneering research from the brightest academic minds across multiple disciplines to deliver creative and trusted solutions to solving real world problems."