Scheduled to open in October 2022, BioHub will house up to 400 scientific entrepreneurs with the goal of doubling the number of life sciences companies in the region by 2027. It will be home to spinout, start-up and scaling businesses bringing new drugs, treatments, therapies and technology to market and creating high-skill jobs to drive economic recovery in this fast-growing industry sector.

BioHub is a flagship addition to the city’s Foresterhill Health Campus, one of Europe’s largest integrated clinical, research and teaching sites for life sciences and medicine and will catalyse further collaborative innovation across the academic, commercial, and healthcare community.

Around 800 tonnes of steel frame has been installed on the BioHub site since main construction started at the end of March – equalling 1,600 pieces of steel lifted in by two cranes over 10 weeks.

Opportunity North East is the lead partner and a funder for the project, which has secured £20 million of capital funding jointly provided by the Scottish Government and UK Government via the Aberdeen City Region Deal.

Chairman of Opportunity North East, Sir Ian Wood, said: “BioHub is an iconic and truly transformational project that will deliver a huge boost to north east Scotland’s life sciences sector and contribute to the region’s economic recovery by creating jobs and providing the commercial infrastructure to support and attract businesses.

“Today’s steel signing marks a significant milestone for BioHub and I am delighted to be joined by senior Ministers of both the Scottish and UK Governments. Their continued backing for the project is a massive vote of confidence in our ambition to make Aberdeen one of the UK’s most dynamic locations for life sciences company creation and growth.”

Finance and economy secretary Kate Forbes said: “The life sciences sector is a thriving part of Scotland’s economy, growing at more than 10% a year, providing more than 41,000 jobs and on target to achieve £8 billion turnover by 2025. North east Scotland has a distinctive industry cluster focusing on biotherapeutics and digital health, which are significant areas for growth.

“The Scottish Government investment in BioHub through the Aberdeen City Region Deal will support business creation, bring innovative healthcare solutions to market and deliver new jobs as part of the green economic recovery. This is a crucial time for business, trade and investment in Scotland and investing in our communities will ensure every part of Scotland recovers from the pandemic, helping build an economy for everyone.”

UK Government minister for the cabinet office Michael Gove said: “The BioHub will deliver a world-class facility to support new business start-ups and expand Scotland’s powerhouse of life sciences innovation. This will bring new jobs to the region and build its global reputation as a place for companies to set up and invest. Across Scotland, the UK Government is investing more than £1.5 billion into City Region and Growth Deal projects, helping communities to build back better from the pandemic.”

CEO of Robertson Group, Elliot Robertson, said: “This effective partnership between Opportunity North East, NHS Grampian, University of Aberdeen and Government is playing an instrumental role in the recovery, diversification and transformation of Aberdeen by growing the health economy, and we are proud to be the selected construction partner.

“The project is set to double the number of life science companies in north east Scotland and help the sector to collaborate, innovate and commercialise the next generation of therapies and healthcare solutions. The high-quality iconic building consisting of new innovative offices and lab spaces, will create a working environment that will influence and inspire the scientific entrepreneurs who will take up residence in late 2022.”