Imperial College London is planning to build a new biomedical engineering centre after receiving £40m funding from the Michael Uren Foundation.
The funds will be used to build the Michael Uren Biomedical Engineering Hub at Imperial West, the College's new 25acre research campus in White City, west London.
The new centre will have space for research activities and clinical areas that will provide patients with direct access to innovations in healthcare.
Imperial College London president Sir Keith O'Nions said it will create a wholly new building and facilities for engineers and medics to make new discoveries and innovations on an unparalleled scale.
"It provides enormous impetus to the development of Imperial West as an innovation district," O'Nions said.
Michael Uren OBE said that medical teaching and research did not take place at Imperial during his time there, but it has evolved into an institution where the work between engineering and medicine is today one of its outstanding strengths.
"What I find so exciting about this project is that here is Imperial building, one of the biggest research centres in the world within a few miles of the City of London, which itself has become the biggest financial centre in the world today," Uren said.
"By putting the two together, what is quite clear is that the investment world will be watching for, and waiting for, the research and inventions which will create tomorrow's great companies."
Imperial College London MSk Lab director Professor Justin Cobb said engineering is now essential in this enterprise; it encompasses everything from writing computer code for neurotechnology devices, to the 3D bio-printing of replacement parts.
"The Michael Uren Biomedical Engineering Hub will create the environment where we work together to engineer these solutions. Our challenge is that of affordable healthcare; restoring patients' quality of life at a sustainable cost. The benefits of this donation will be felt for generations," Cobb said.