CPI to establish new £28m National Formulation Centre in UK

Scientists will develop the next generation of medicines at NETPark in County Durham

The UK government has pledged £28m to build a National Formulation Centre

In his autumn statement, the UK's Chancellor, George Osborne, pledged £28m to build a National Formulation Centre at NETPark in Co Durham for scientists to develop the next generation of medicines, cosmetics and detergents.

Operated by the Centre for Process Innovation (CPI), the new centre in Sedgefield will operate a 'hub and spoke' model that brings together universities, innovation centres and business to provide facilities and expertise to help companies to develop, prove, prototype and scale up these formulated products and processes.

The National Formulation Centre will focus specifically on the areas of product and process design, delivery, stability and sustainability, as identified by UK industry in a 2013 consultation report.

In pharmaceuticals, this includes oral dose tablets, suspensions, capsules, controlled release microcapsules, parenterals and inhalable formulations.

Vince Cable, Secretary of State for Business, Innovation and Skills, said: 'This multi-million pound investment will drive innovation and growth across our manufacturing sector where the UK is a world-leader. It will safeguard the UK supply chain, and allow us to capitalise on the huge potential of the UK’s research and development capabilities. This will keep our UK businesses ahead of the game.'

The new centre in Sedgefiled, Co Durham will drive innovation and growth across the manufacturing sector