A £500m development aimed at support for the ageing population is set to go ahead in the West End of Newcastle.
Its goal is to further understand the requirements of an ageing population in terms of care, innovation and services.
Led by Newcastle University, the application for the development at the former General Hospital site, on Westgate Road, has been endorsed by the City Council’s planning committee. It’s believed this regeneration of will help people live longer and healthier lives through global leadership in ageing and research.
The planned development will take approximately 10-years to complete. It will link research and innovation across the whole 29-acre site providing unique solutions for living, leisure, learning and employment as people get older. The area carries a thriving South Asian Community who, like everyone else will benefit from such research.
By 2030, it’s estimated worldwide, more than 1.4 billion people will be over the age of 60 – that’s 14 per cent of the population. Here in the UK, there are nearly 12 million people aged 65 and above – 1.6 million are aged 85 and over, with more than 500,000 over the age of 90.
Professor Chris Day, Pro-Vice-Chancellor and President of Newcastle University said: “This incredible vision will establish our site as the world’s premier centre for healthy ageing and living.
“It will bring together the three pillars of Health, Wealth and Wellbeing. We are delighted we can go ahead with our exciting plans to put ageing and health at the heart of a flourishing community which will bring together research, innovation, commerce and living.”
Professor Jane Robinson, Pro-Vice-Chancellor for Engagement and Place at Newcastle University added: “By 2040, one in seven of us will be aged 75 or over. The Campus for Ageing and Vitality will be a global exemplar for healthy ageing, enabling people to live longer, healthier lives.
“Building on our key strengths, including the National Innovation Centre for Ageing, we are bringing together world-leading academics, industry, public sector and local communities to help find solutions to complex challenges of an ageing population and maximise the economic opportunities of global longevity economy.”
Newcastle University has selected Genr8 Kajima Regeneration Ltd (GKRL) as the preferred bidder for the principal development partner and working towards entering a joint venture agreement, expected at the end of March.