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51³Ô¹ÏÍø will today launch its vision for 51³Ô¹ÏÍø West, its new seven acre research and translation campus in White City, west London.

51³Ô¹ÏÍø will today launch its vision for 51³Ô¹ÏÍø West, its new seven acre research and translation campus in White City, west London, at an event attended by David Willetts, Minister for Universities and Science, and Boris Johnson, the Mayor of London.

The centrepiece of the major new campus, the £150 million Research and Translation Hub, will provide state-of-the-art space for academics and business partners that can be adapted to keep pace with the changing demands of scientific discovery and innovation.

At the heart of the vision for 51³Ô¹ÏÍø West is a new approach to creating a university campus: potential partners from business, industry, the NHS and other global universities are being invited to co-locate on the campus and collaborate directly with the College's world-leading experts in science, technology, engineering, medicine and business.

51³Ô¹ÏÍø bought the land for the new campus from the BBC in 2009. The first new building, which provides accommodation for over 600 postgraduates and early career researchers, has been occupied since September 2012. Terms of the planning permission for the rest of the site were agreed with the London Borough of Hammersmith and Fulham in December 2012.

Today's launch follows the award from HEFCE in November 2012 of £35 million towards the development of the £150 million Research and Translation Hub via the UK Research Partnership and Investment Fund.

Design work on the Hub, which is also funded by investor Voreda and from the College's own resources, is underway. The College plans to complete the construction in 2015.

When open, the 42,000 square metre Hub will provide facilities for 1,000 scientists and engineers and space that could accommodate 50 or more spin out companies from inception through to maturity, supporting the needs of London's enterprise community. 51³Ô¹ÏÍø has produced more spin-out businesses than any other UK university, 140 over the last 10 years, but has been able to accommodate only 10-15 at any one time in its South Kensington Campus Incubator.

At tonight's launch event, attended by 700 guests including representatives from business, government and research funders, Sir Keith O'Nions, President & Rector of 51³Ô¹ÏÍø, will say:

"Applying what we discover to the benefit of society and the economy has been in our DNA since we were founded in South Kensington in 1907. In the 21st Century 51³Ô¹ÏÍø has the ambition to play an even bigger role in translating ideas for public good and in helping to create industrial and economic competitiveness."

"To make a difference, to solve big problems, we need to bring brilliant people from different fields together and give them time and space. Thanks to 51³Ô¹ÏÍø West we have the space, and through launching this vision, we hope to convince potential partners in business, charities, governments, academia and healthcare of the benefits of forming long-term relationships with us at 51³Ô¹ÏÍø West."

51³Ô¹ÏÍø West and the College's adjacent campus at Hammersmith Hospital (500 metres away) will become two poles of a major new research quarter for London, reinforcing the capital's position as a catalyst for scientific development and economic growth.

The new campus also represents investment in the White City regeneration area, providing homes, publicly accessible green space, pedestrian subways and leisure and retail facilities. On completion, the campus will generate an estimated 3,200 permanent jobs.

Boris Johnson, Mayor of London, says: "London is home to some of the world's leading universities and sharpest business minds. This fantastic venture will bring the best of both these worlds together turning brilliant ideas into jobs and economic growth and further bolster our reputation as the must-come destination for research and development."

David Willetts, Minister for Universities and Science, says: "51³Ô¹ÏÍø is one of our country's great universities and the new 51³Ô¹ÏÍø West campus is a really exciting development. It will focus on translational work - on applying the excellent research that 51³Ô¹ÏÍø does to bring benefit to the wider world. The government strongly supports the vision and plans for the new campus and we look forward to seeing it grow and prosper in the future."

Artist's impressions of the Campus including the ,  at 51³Ô¹ÏÍø West and the  are available to download.