Euprotec Secures £165k Corridor Growth Fund Grant

Specialist contract research organisation (CRO), Euprotec, has been awarded £165,000 from the Corridor Growth Fund (CGF) to fuel its expansion plans, as it broadens its anti-infective drug discovery and development capabilities.
Supported by the Government’s Regional Growth Fund, the £2 million CGF provides grant funding to qualifying applicants, helping to underpin the private sector-led growth of the knowledge economy in Manchester.
The funding will enhance and expand Euprotec’s state-of-the-art microbiology facilities on the Manchester Science Park (MSP). This will allow the company to build upon its bespoke range of R&D services, accelerating the discovery and development of new infectious disease diagnostics, antimicrobial drugs and vaccines.
Euprotec has grown rapidly since its formation in 2008, developing worldwide partnerships with leading pharma and biotech companies as well as government and academic institutions. The grant will provide further support to Euprotec in developing and delivering innovative research solutions to its partners in the strategically vital area of infection.
The government’s chief medical officer, Dame Sally Davies, has recently described antimicrobial resistance as a “ticking time-bomb” and suggested that, if we don't take action, then we may all be back in an almost 19th Century environment where infections kill us as a result of routine operations.
As part of Euprotec’s expansion, the company will also continue to build its comprehensive and highly characterised collection of bacteria and fungi, a resource which is critically important to its clients’ research programmes. This strainbank will enable a continued focus on multidrug resistant pathogens, new testing methodologies, and a greater understanding of mechanisms of resistance.
Lloyd Payne, chief executive of Euprotec, said: “This funding is a boost not only for Euprotec but also for the broader biomedical community based in Manchester and the North West. The investment will enable us to support an even greater number of organisations in the discovery of new anti-infective vaccines and therapies, helping to address the significant challenges and global health issues that have arisen as a result of antimicrobial resistance.”
Sir Richard Leese, leader of Manchester City Council, said: “Manchester has an incredibly strong science and research base and building on that is going to be an important element of the city’s growth. This fund should help incentivise businesses to locate in the Corridor area, attracting further jobs and investment.”
Related News
-
News US FDA announces new priority vouchers for accelerated review times
The US FDA announced a new priority program for drug developers – the Commissioner’s National Priority Voucher (CNPV) program aims to enhance the health interests of the US by allowing drug developers to redeem a voucher, shortening th... -
News Google-backed start-up raises US$600 million to support AI drug discovery and design
London-based Isomorphic Labs, an AI-driven drug design and development start-up backed by Google’s AI research lab DeepMind, has raised US$600 million in its first external funding round by Thrive Capital. The funding will provide further power t... -
News AstraZeneca to invest US$2.5 billion in Beijing R&D centre
Amid investigations of former AstraZeneca China head Leon Wang in 2024, AstraZeneca have outlined plans to establish its sixth global strategic R&D centre in China. Their aim is to further advance life sciences in China with major research and manufact... -
News Experimental drug for managing aortic valve stenosis shows promise
The new small molecule drug ataciguat is garnering attention for its potential to manage aortic valve stenosis, which may prevent the need for surgery and significantly improve patient experience.
-
News How GLP-1 agonists are reshaping drug delivery innovations
GLP-1 agonist drug products like Ozempic, Wegovy, and Mounjaro have taken the healthcare industry by storm in recent years. Originally conceived as treatment for Type 2 diabetes, the weight-loss effects of these products have taken on unprecedented int... -
News A Day in the Life of a Start-Up Founder and CEO
At CPHI we work to support Start-Up companies in the pharmaceutical industry and recognise the expertise and innovative angles they bring to the field. Through our Start-Up Programme we have gotten to know some of these leaders, and in this Day in the ... -
News Biopharmaceutical manufacturing boost part of new UK government budget
In their national budget announced by the UK Labour Party, biopharmaceutical production and manufacturing are set to receive a significant boost in capital grants through the Life Sciences Innovative Manufacturing Fund (LSIMF).
-
News CPHI Podcast Series: The power of proteins in antibody drug development
In the latest episode of the CPHI Podcast Series, Lucy Chard is joined by Thomas Cornell from Abzena to discuss protein engineering for drug design and development.