Plans to deliver a health technology campus have taken a step forward after the project's partners entered a heads of terms agreement.
University of Warwick and developers Arden Cross and Muse have signed the deal to create the new facility in Solihull which will bring together the university, NHS, private providers and industry to support start-ups to enter the health service and other markets.
It will also deliver a range of community benefits closer to home, including supporting local health and wellbeing through access to medical research and technology.
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The campus will form part of the wider Arden Cross regeneration scheme which is aiming to develop new commercial and residential property to tap into the benefits of the HS2 Interchange station near Birmingham Airport.
The £3.2 billion scheme could deliver tens of thousands of jobs alongside public spaces and an innovation district where the health tech campus will sit.
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West Midlands Mayor Richard Parker said: "Arden Cross is a priority growth project for me and the region. It's pivotal to delivering the business investment and the jobs that we need.
"But we must move faster because complex projects can often take a long time to commence and there is now an urgency for delivery.
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"That's why I will be working closely with our local councils, investment partners and Government to unlock delivery and attract thousands of new jobs and homes for our local communities.
"Accelerating the development of the healthtech campus will create more high-quality employment, build on our competitive advantage and help improve the lives and health of people across the region and beyond."
University of Warwick vice-chancellor Stuart Croft added: "The campus will leverage the competitive advantage of the West Midlands to accelerate innovation in healthtech, transform healthcare services and improve patient outcomes locally, nationally and globally.
"The ambition of the campus is closely aligned with both the 海角视频's Industrial Strategy and NHS transformation plans. It has the potential to drive significant value for the 海角视频 economy and health system.
"We will now be able to accelerate our work, alongside Muse and other partners, deepening our regional leadership and impact."