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.
Re-elected PCC to prioritise ‘limbo’ chief constable situation
Key priority to secure a 'substantive' chief constable to lead D&C Police
Exeter Cathedral abseil raises over £50,000
They more than doubled their target
Moves made to avoid controversial estate management firms
East Devon agrees to kickstart a review into how it provides public amenities to new developments
Turnout for police and crime commissioner election drops as count continues
Just over a fifth of possible voters went to the poll for the PCC
How Exeter's traffic troubles influenced council vote
LTN campaigner ousts Labour candidate
Alison Hernandez secures third term as police and crime commissioner
She'll continue tackling major issues on her to-do list
