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A major new investment programme has been unveiled for Sheffield Olympic Legacy Park, according to a report on the businessdesk.com website. A total of over £200m is to be injected into the regeneration of the site, and will include new healthcare and sporting projects.
The scheme is predicted to create over 5,600 jobs and is designed to play a leading role in the economic recovery of the Sheffield City Region, following the double impact of the Covid-19 pandemic and Brexit. Flagship developments include a National Centre for Child Health Technology (CCHT) and a diagnostic imaging research hub.
The CCHT will be a unique, world-class centre which will be dedicated to developing technology to address childhood health issues. These include obesity, child and adolescent mental health, and the prevention of long-term conditions which are a national strategic priority.
Paul Dimitri, Professor of Child Health and Director of Research and Innovation at Sheffield Children’s NHS Foundation Trust, commented: “Investing in the health and healthcare of children and young people makes sense – our future in fact depends on it.”
“Overall, we predict the CCHT alone will generate £30m in research funding, attract £50m in private sector investment and will deliver over £200m in savings to the NHS in the next 10 years.”
The Olympic Park is home to an existing healthcare centre, the Sheffield Hallam University Advanced Wellbeing Research Centre (AWRC), which opened 12 months ago. Despite the Covid-19 pandemic, it has been a success, attracting start-up businesses from around the world. It hosts a £900,000 Wellbeing Accelerator Programme to carry out vital research.
A new Community Area will be created to house a diagnostic imaging lab and research centre for Canon Medical Systems Europe. The organisation has plans to develop Artificial Intelligence (AI) which it is hoped will revolutionise the speed and accuracy of diagnostics for the NHS.
The Sheffield Sharks Basketball Team will occupy the Community Area, as well as general basketball facilities. A 3,900 capacity Legacy Community Stadium will be constructed by developers Scarborough Group International (SGI), for completion by February 2022. Sheffield Eagles Rugby League Football Club also plan to occupy the site.
A further 23,000 sq ft of business and conference space is also planned in consultation with SGI, and over the coming five years, they expect to develop another 850,000 sq ft of real estate. It is predicted that this will attract investment of up to £250m.
Former Sports Minister and project lead for the Park, Richard Caborn, commented: “Sheffield Olympic Legacy Park continues to deliver a comprehensive approach to providing the solutions to the major healthcare and economic challenges of our times.”
“It is a catalyst for investment and regeneration and attracting the very best translational research and development technologies and skills to the Sheffield City Region which will have a huge impact nationally and internationally.”
Overall, the ‘Master Plan’, as the regeneration scheme is referred to, is expected to provide a major economic boost to the Sheffield region, with the creation of over 5,600 high value jobs and over £2bn in gross value added benefits.
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