The new building, sited at the Cambridge Biomedical Campus, will allow all Stem Cell Institute groups to be work together in one place. The added advantage of being based at the hospital site will allow for greater collaboration between scientists and clinicians and further advance the application of stem cell discoveries into the patient setting.
Built by Kier Construction and designed by architects from The Fairhursts Design Group, the six-storey centre will be located next to the Cancer Research UK Cambridge Institute.
The building will also house the Cambridge Institute of Therapeutic Immunology & Infectious Disease, The Milner Therapeutics Institute and Cambridge Centre for Haematopoiesis and Haematological Malignancies.
Professor Patrick Maxwell, regius professor of physics and head of the school of clinical medicine at the University of Cambridge, added: "Project Capella will bring together a number of medical research groups to create a centre of excellence and provide a foundation for the development of new medical treatments.
"We are extremely proud of the achievements of the development team thus far and the vision it has created for our biomedical research laboratories. We are delighted that the proposals have been approved and we look forward to construction work proceeding."