Imperial College to Reveal £1 Billion Campus PlanWednesday 6th March 2013
Imperial College is announcing plans for a new £1 billion pounds campus in White City - called Imperial West.
The seven acre research and translation campus will be a home for scientists - and by moving them to the new site it is hoped more undergraduates will be able to be admitted to the main campus in Kensington.
Imperial West is near Hammersmith hospital and at its centre is a £150 million Research and Translation Hub - which aims to provide a state of the art space for academics and business partners.
Those behind the campus hope it will be an innovation - with potential partners from business, industry, the NHS and other global universities invited to co-locate there and collaborate with the College's experts.
Imperial bought the land from the BBC in 2009 and the first occupants moved in in September 2012.
Terms for the rest if the site were agreed with the London Borough of Hammersmith and Fulham in December 2012.
It is hoped the Hub will be finished in 2015.
When open, it will provide facilities for 1,000 scientists and engineers and space that could accommodate 50 or more spin out companies.
"London is home to some of the world's leading universities and sharpest business minds," Mayor of London, Boris Johnson, said.
"This fantastic venture will bring the best of both these worlds together turning brilliant ideas into jobs and economic growth and further bolster our reputation as the must-come destination for research and development."
The plans will be officially launched tonight.