MediCity Welcomes First Wave of Tenants

MediCity, a new innovation hub based in Nottingham, has welcomed its first tenants to the newly refurbished building on the Boots site in Beeston.

New tenants include Co-Formulate which occupies two laboratories and an office to allow the team to expand its drug development services to pharmaceutical, biotechnology, OTC healthcare, nutraceutical and cosmetics clients. The company currently employs five senior scientists and is looking to recruit again in the next few months. Directors, Huw Jones and Nazim Kanji, have returned to the laboratories they helped design as employees of Boots Healthcare International, before they left to develop Co-Formulate with the support of BioCity Nottingham. 

​Medilink East Midlands, the life science industry membership organisation for the region, has also taken a virtual tenancy in MediCity in order to support early-stage and growing companies in the sector. In 2013, Medilink helped secure over £700,000 in grant funding for client companies, hosted over 1,000 delegates at events and engaged with over 600 organisations around the East Midlands. ​

Hub director David Browning said: “Just two months since our launch, the MediCity community of innovators is starting to grow. Our team is busy providing the technical and commercial advice these companies need to develop and grow their ideas. It is also a busy time for the Conferencing team which has over 20 events booked into The Meeting Space.”

Mark Chivers, Enterprise Zone Director, Alliance Boots, also welcoming the new companies added: “The progress made at MediCity since its launch in November is extremely exciting and demonstrates the many opportunities MediCity can offer for economic development, not just for innovative start-ups and growing businesses, but also for the wider Nottingham area.  We look forward to attracting more innovators in the field of health, beauty and wellness to MediCity."