The new building is in the King’s Cross area of London

HSBC is supporting a new, state-of-the-art biomedical research facility that opened in London this month.

The bank is donating USD25 million over five years to the Francis Crick Institute via the charity Cancer Research UK (CRUK).

Named after British biologist Sir Francis Crick, the new facility was officially opened by Her Majesty Queen Elizabeth II on 9 November 2016. Six of the world’s leading scientific research organisations, including CRUK, came together to found the Institute. More than 1,200 scientists will carry out research into illnesses such as cancer, heart and lung disease, HIV and malaria.

We are very proud to support the Francis Crick Institute and the 150 PhD students that will contribute to the groundbreaking work here

Douglas Flint, HSBC Group Chairman

Part of HSBC’s donation comes from a special fund it set up in 2015 to mark its 150th year in business. In recognition of the funding that HSBC provided for the new facility, 150 PhD students carrying out research in the new laboratories will be associated with HSBC’s donation (see box).

Speaking after the official opening event, HSBC Group Chairman Douglas Flint said: “We are very proud to support the Francis Crick Institute and the 150 PhD students that will contribute to the groundbreaking work here. The research that will be done has the potential to help tackle society’s most pressing health challenges and improve people’s lives for years to come. We wish everyone who joins great success in their vital work.”

Bringing together experts from a range of nationalities and disciplines, the institute aims to create new opportunities for discoveries to be made by encouraging teams to share knowledge and ideas. A dedicated translation team will seek to turn new research advances into new treatments that benefit patients.

The Francis Crick Institute is among a number of charitable and community projects to receive long-term support from HSBC. The bank donated USD205 million to community projects around the world in 2015, focusing on education, the environment, and medical research.

150 science leaders of the future

Dorita Tsourouktsoglou, originally from Greece, is one of 150 PhD students carrying out their research at the Francis Crick Institute in association with HSBC’s donation. Ms Tsourouktsoglou is researching the human immune system, focusing in particular on neutrophils, a special rapid-response cell which helps the body fight off viruses, bacteria and fungi. Looking forward to relocating to the new laboratory, she said: “The new building will be a huge benefit. It will amplify the multi-disciplinary help that you get to carry out your research.” She hopes to continue working in medical research once her PhD is completed.

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