Legal & General is partnering with the University of Edinburgh to set up an Advanced Care Research Centre (ACRC), which is designed to improve understanding of care in later life and revolutionise how it is delivered.
The centre, which will offer a seven-year multi-disciplinary programme, will bring an academic and research led focus to the understanding and delivery of appropriate care in later life.
The programme will have seven thematic activities that combine research across medicine and other care professions, life sciences, engineering, informatics, data and social sciences.
It will include an academy that will develop enterprise-oriented leaders in later life care through a programme of cross-disciplinary research-based training.
Legal & General, which launched Guild Living, a developer and operator of urban later living, last year, is providing £20m towards the project.
The business works closely alongside and in support of UK academics, including a long-term partnership with Newcastle Council and Newcastle University. Its Newcastle Helix scheme, which houses the UK’s National Centre for Ageing, brings together innovators in improving quality of life as people age, alongside a hub for scientific research and technology.
Dr Nigel Wilson, group chief executive of Legal & General, said: ‘Establishing the ACRC will revolutionise the UK’s commitment to understanding and addressing the huge issue of demographic change – part of a global challenge with significant social and economic impacts.
‘Edinburgh’s academic-led, data-based and cross-disciplinary approach will deliver vital positive change to ageing and care and we find this a compelling and practical vision. The partnerships we are forging with premier institutions up and down the country, from the University of Oxford and Newcastle, to Bath University, UCL and now Edinburgh will help shift the dial in the delivery of science, technology and ageing care for many future generations to come.’
There are more than 12 million over-65s in the UK and this figure is expected to increase by 50% over the next 20 years.