A new building, called the Mireille Gillings Neuroimaging Centre, will go up on the Royal Devon and Exeter NHS Foundation Trust site.
The new building will help accelerate clinical trials for potential dementia treatments over the next five years.
The new centre should double the number of dementia drugs in development, through innovative use of new brain-scanning technology and techniques.
Fifty million people around the world suffer from dementia.
Calls for inclusion on Plymouth lord mayor role
It traditionally alternates between Conservative and Labour
Upgrades to Plymouth storm overflows to take place
Hoe bathing waters are priority to stop sewage discharges
Dartmoor finances facing biggest cut for years
'Do DEFRA think the Dartmoor pixie exists?'
Rare curlews and martens are leaving Dartmoor - for now
'We hope some of them choose to come back to the wonderful place that is Dartmoor'
Dartmoor phone mast gets the go-ahead
Better broadband and emergency cover promised
Livestock processing plant refused at Shebbear
Concerns about neighbouring land
