NEW YORK (GenomeWeb) – Cancer Research UK today announced that HSBC will provide it $25 million over the next five years to support the creation of the Francis Crick Institute, a biomedical research facility currently being built in London.
Due to open next year, the institute is a collaboration between CRUK; the Medical Research Council; the Wellcome Trust; University College London; King's College London; and Imperial College London. When it becomes operational, it will house more than 1,200 scientists from a wide swath of disciplines conducting research into cancer, heart disease, lung disease, infectious disease, and other ailments.
The HSBC funding will go toward the construction of the Francis Crick Institute and to support 150 PhD students, who will have the opportunity to conduct their research at the institute, CRUK said.
HSBC is providing the funding in $5 million portions over the five years.