Siemens Healthineers welcomes Chancellor of the Exchequer at Oxford Magnet Technology

Following the Chancellor of the Exchequer’s visit to Siemens Healthineers Magnet Technology in Oxford today, where the government outlined its ambitious growth plans including for the Oxford-Cambridge Growth Corridor, please find below commentary from Ghada Trotabas, Managing Director of Siemens Healthineers Great Britain & Ireland: 

Siemens Healthineers today hosted the Chancellor of the Exchequer at its magnet technology manufacturing facility where the government outlined its plans for growth. Siemens Healthineers presented its own plans for manufacturing investment and expansion, including a £250m investment in building a state-of-the-art superconducting magnet manufacturing facility in Bicester, Oxfordshire. Set to open in 2026, this 56,000m² new facility will host over 1,000 skilled jobs. The facility will pioneer DryCool technology, a groundbreaking innovation reducing helium usage in MRI scanners from 1,500 litres to less than a single litre.

 Ghada Trotabas, Managing Director of Siemens Healthineers Great Britain & Ireland states, “For over 40 years, our Oxford manufacturing site has been designing and manufacturing MRI superconducting magnets. These play an essential role in diagnostic imaging, helping healthcare professionals save lives and provide better care. The work we do here, and our plans for a £250m state-of-the-art MRI superconducting magnet manufacturing facility in Bicester, Oxfordshire underscores our long-term commitment to investing in innovation and supporting the government’s plans to build a strong, thriving economy.”