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Cambridge to benefit from MedCity plan

London mayor Boris Johnson has launched a £4 million bid to exploit a "golden triangle" of life science linking the capital, Oxford and Cambridge.

The MedCity initiative will bring together leading medical research centres in the three cities to produce healthcare applications that can benefit patients and the economy.

Boris Johnson launches MedCity Credit: PA Wire

The aim is to build a cluster of practical scientific excellence that will rival financial services in its importance to the UK.

MedCity has been awarded a £2.92 million grant from the Higher Education Funding Council for England, and £1.2 million from the mayor of London's office.