GTIMC host venue for signing strategic partnership to drive economic growth in South Yorkshire
11th October, 2023
The agreement was signed as part of a visit to the University of Sheffield's Gene Therapy Innovation and Manufacturing Centre (GTIMC).
South Yorkshire Mayoral Combined Authority (SYMCA) and Aviva Capital Partners Limited have announced the signing of a Memorandum of Understanding to forge a strategic partnership aimed at fostering innovation, economic growth and housing development in South Yorkshire. This landmark collaboration signifies a pivotal step towards realising SYMCA's vision of a stronger, fairer, and greener economy for the region. The agreement was signed as part of a visit to the University of Sheffield's Gene Therapy Innovation and Manufacturing Centre (GTIMC), one of the three Innovation Hubs for Gene Therapies.
The agreement reflects the commitment of both parties to capitalise on the vast potential of South Yorkshire, building on Aviva's expertise and experience to support SYMCA's pursuit of private investment for sustainable economic development. This partnership, supported by the four Local Authorities in Barnsley, Doncaster, Rotherham, and Sheffield, seeks to drive positive outcomes for the local economy and communities.
As a leading institution in the region, with 1,800 people based in Sheffield, Aviva will work closely with SYMCA to unlock private investment in South Yorkshire that aligns with the Authority's objectives. This is the latest commitment from Aviva Capital Partners, Aviva’s in-house investment unit which originates regeneration, housing and infrastructure assets using Aviva group capital to make places and communities more prosperous, inclusive and sustainable.
South Yorkshire boasts sector strengths in advanced manufacturing, health and life sciences, aerospace and defence technologies, and clean energy innovations like hydrogen and nuclear fusion. The region also benefits from a cooperative public sector, research institutions, and a workforce transitioning to meet new sector opportunities.
The GTIMC looks forward to the opportunities that this relationship will bring about for South Yorkshire as it accelerates the growth of new businesses and fosters innovation.