Royal London Asset Management (RLAM) and Trafford Council have welcomed a report on the possibility of an internationally significant health and biotech MediPark proposed for south Manchester.

The report, from economics analysis specialists SQW, concludes that the full vision for the MediPark could be realised at land to the south of University Hospital South Manchester.

RLAM commissioned the report which is the first empirical research conducted into demand for a MediPark at this location.

Proposed on land owned by the MediPark Alliance (comprised of RLAM, University Hospital South Manchester (USHM) and Bluemantle Group) MediPark is seen as a “second anchor” to the South Manchester Enterprise Zone, along with Airport City.   

The scheme would be accompanied by a new 245 acre rural park also proposed by RLAM on adjacent land.

Councillor Matthew Colledge (pictured), leader of Trafford Council, says: “This is an excellent report which is realistic and clear about the exciting prospects for a Medi-Park. I think Trafford could benefit greatly from the kind of high quality development and jobs that this type of concept will attract.”

Gareth Dickinson, head of property at RLAM, says: “The SQW report confirms that the Medi-Park is a real commercial possibility. The Medi-Park concept offers a great opportunity to attract significant inward investment and has the potential to act as a catalyst for the wider economic regeneration of the area. The concept, in combination with a truly outstanding location, offers a real prospect for creating jobs and investment in a very exciting high tech sector which would be of great benefit for the economy of Greater Manchester and beyond.”