Legal & General will inject £20 million into the launch of a new research centre focused on improving later-life care.
The Advanced Care Research Centre at the University of Edinburgh will offer a seven-year multi-disciplinary research programme designed to improve understanding of later-life care and to revolutionise how it is delivered.
ACRC’s vision is that its research can enable data-driven, personalised and affordable care that delivers independence, dignity and a high quality of life for people living in their own homes or in supported care environments.
ACRC will work in partnership with other top tier universities to engage multiple public and private stakeholders, as well as individuals in later life, their families and communities.
It will also feature an academy that will develop a new generation of enterprise-oriented leaders in later-life care through a programme of cross-disciplinary research-based training.
The partnership with Legal & General marks the University’s largest industry investment, as part of the £661m Data-Driven Innovation initiative within the Edinburgh and South East Scotland City Region Deal.
Dr Nigel Wilson, group CEO of Legal & General, commented: “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.”
Legal & General is the UK’s largest pension fund investor with £1.2trn of assets under management as well as a leading provider of longevity risk solutions and retirement products to millions of customers.
The financial services company has backed later life research through the Longevity Science Panel, as well as forming partnerships with Bruntwood SciTech, Oxford University, Newcastle Council and Newcastle University.
Caption: Dr Nigel Wilson, group CEO of Legal & General