The Victorian Government has given the go-ahead for the $140 million expansion of the Bio21 medical research centre.
Bio21, a molecular science and biotechnology research centre based at the University of Melbourne, is an internationally recognised facility that specialises in medical, agricultural and environmental biotechnology.
The approval of stage 2B by Minister for Planning, Richard Wynne, will allow for another 140 scientists and students to be accommodated in a new four storey, state-of-the-art facility within the Parkville Biomedical Precinct.
Bio21 is already one of the largest biotech research centres in the country, with about 560 research scientists, students and staff.
Mr Wynne said he expedited the planning process for the Bio21 extension in keeping with the Andrews Labor Government’s promise to support resources and facilities to keep Victoria at the forefront of medical research and development.
Mr Wynne said the approval of plans was another move by the Victorian Government to encourage medical research in the state.
“The former Brumby Government began this project by donating the land the Centre sits on, and I’m proud to now be able to greenlight the next stage of this world renowned education and research facility," said Mr Wynne.
According to the Parliamentary Secretary for Medical Research, Frank McGuire, “Our Government is working hard to boost the Parkville Biomedical Precinct, which is fast becoming a billion dollar boulevard of medical innovation and excellence.”