Scientists at the Francis Crick Institute will tackle diseases such as cancer, HIV and malaria
HSBC is donating USD25 million over the next five years to support the development of the Francis Crick Institute, a new state-of-the-art biomedical research facility in King’s Cross, London.
HSBC’s support is contributing to the cost of construction of the institute, which is due to open in 2016. More than 1,200 scientists will work at the facility to tackle diseases such as cancer, heart disease, lung disease, HIV and malaria.
We hope our PhD students will be the future leaders in their field and wish them all the best in their vital work
The bank is making the donation through Cancer Research UK, a leading charity that sponsors research into new ways of preventing, diagnosing and treating cancer and is one of six scientific and academic organisations that make up the Francis Crick Institute.
Harpal Kumar, Chief Executive Officer at Cancer Research UK, said: “Cancer Research UK has a long history of working with HSBC, but this donation really is game-changing for us.”
Part of HSBC’s donation will come from the bank’s USD150 million community fund, set up to thank customers and communities for their support over the past 150 years. The Francis Crick Institute will mark the donation by inviting 150 PhD students to conduct research at the new facility. The young scientists will be selected from across the world and from a range of disciplines.
Douglas Flint, HSBC Group Chairman, said: “We are very proud to support the 150 PhD students at the Francis Crick Institute. In working with the team at Cancer Research UK, it became clear that the Crick would be an environment where the best and brightest talent from all over the world would come together in new fields of research, to make ground-breaking progress in the fight against some of the most urgent health and disease issues.
“We hope our PhD students will be the future leaders in their field and wish them all the best in their vital work at the Crick.”