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.
Teenager killed after getting out of ambulance on M5
He crossed carriageway before being hit by car
Thugs jailed for 'ferocious' attack
16 months for beating up man
Public asked for views about Devon libraries
You may be able to use them when they're closed
Christmas cancelled in Crownhill
Lights out to save cash
Hourly services return on Exeter to Waterloo line
Speed restriction removed on SWR line
