Legal & General are launching a £20m seven-year research programme, Advanced Care Research Centre (ACRC), in a unique partnership with the University of Edinburgh. This multidisciplinary partnership aims to improve the understanding of care and change the way it is delivered.
ACRC’s research aims to deliver ‘data-driven, personalised and affordable care’ to offer ‘independence, dignity and a high quality of life’ in third age be it in the home or housing with care as part of Legal & General’s drive towards Inclusive Capitalism. Working in partnership with other top tier universities the ACRC will engage with individuals in late life, their families and communities as well as public and private stakeholders. Through cross-disciplinary research training, the ACRC’s Academy will develop enterprise-orientated leaders in later life. As part of the £661m Data-Driven Innovation initiative, Edinburgh and South East Scotland City Region Deal, Legal & General’s partnership with Edinburgh University will be the institutions largest industry investment.
The new research centre aims to improve academic understanding of later life through a £20m funding from Legal & General. Delivering a programme of activities ACRC will combine research across multiple disciplines including medicine and other care professions, life sciences, engineering, informatics, data and social sciences. The findings throughout the research programme will be made publicly available. As the UK’s largest pension fund investor with over £1.2 trillion assets under management and the leading provider of retirement products and longevity risk solutions, Legal & General has a deep understanding of ageing populations. As part of this Legal & General works closely in support of UK academics such as through the Longevity Science Panel.
Over the last two years, Legal & General has formed the UK’s largest science and technology property partnership, Bruntwood SciTech, as well as developing science and innovation within the region and homes for students and staff in £4bn partnership with Oxford University. Legal & General will continue its long term partnership with Newcastle Council and University. Its Newcastle Helix scheme, which houses the UK’s National Centre for Ageing, ‘brings together industry leaders, businesses and top researchers in a new innovation community’ to improve how we age.
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.”
Professor Peter Mathieson, Principal and Vice-Chancellor of the University of Edinburgh, said: “We are delighted to host this ground-breaking collaboration with colleagues at Legal & General. This exceptional partnership will re-imagine care for the mid-21st century. As our population ages, so we need to develop innovative new approaches to provide individually-tailored care. This is the big challenge that the partners will address, bringing to bear pioneering research from the brightest academic minds across multiple disciplines to deliver creative and trusted solutions to address real world problems.”
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