A new bioscience building will create over 250 new jobs and is expected to help create 700 specialist bio-science roles in Nottingham over the next 30 years.
The construction of the £30m Discovery Building started in August, 2015.
The project was led by developer, Willmott Dixon, and is expected to be completed in March this year.
Councillor Jon Collins, Leader for Nottingham City Council and Portfolio Holder for Strategic Regeneration, said: “This building, made possible by the City Council and local enterprise partnership, D2N2, recognises the importance of bioscience to our local economy and it will provide the chance for fledgling companies and the next generation of entrepreneurs to expand by making use of a range of high-tech chemistry and biology laboratories.
“The building will cement Nottingham’s position as the UK’s fastest growing life sciences community.”
The Discovery Building is an expansion of BioCity Nottingham, a life sciences park founded in 2003 by Nottingham Trent University, the University of Nottingham and the East Midlands Development Agency, which has attracted the attention of the life science community on a global scale and is home to more than 60 companies.
Sygnature Discovery, the UK’s largest independent provider of integrated drug discovery expertise, provides advanced scientific research into new medicines to treat a range of diseases, based at BioCity.
The company has taken on more than 50 staff over the past 12 months in preparation for expanding into the Discovery Building.
Marketing and communications associate at Sygnature Discovery, Juliet Thompson, said: “The new building will allow the company to continue to expand in Nottingham rather than move elsewhere to find more space.
“Sygnature currently employs over 160 chemists, biologists and DMPK scientists and staff numbers are set to increase to over 200 after the move into the Discovery Building.
“Nottingham is a great place to live and work and by attracting inward investment the city will continue to prosper and not only draw new people into the area, but also retain talent.”