The project at commercial property developer Wykeland Group’s Melton West business park is expected to open in 2024.

Subject to planning approval, Smith+Nephew will build a new facility for its Advanced Wound Management franchise creating a world-class R&D, manufacturing and flexible office environment.

Dominic Gibbons, Managing Director of Hull-based Wykeland, owner and developer of Melton West, said: “We are delighted the strategic, long-term investments we have made in the infrastructure at Melton West business park have enabled Smith+Nephew to stay within the region and make such a huge investment in a state-of-the-art new facility.

“Smith+Nephew is one of the region’s leading employers, with a proud local history and heritage. This investment will open an exciting new chapter in that story.”

Simon Fraser, President of Advanced Wound Management for Smith+Nephew, said: “This major investment demonstrates our commitment to the UK and to building our leadership in Advanced Wound Management.

“Smith+Nephew was founded in Hull in 1856 and we are proud to make this major investment in the region for future generations.”

The 200-acre Melton West business park enjoys a prime location west of Hull, off the A63 and connecting to the national motorway network within minutes via the M62.

The Smith+Nephew facility will be the latest major development at the growing site, which features more than one million sq ft of completed warehouse, distribution, manufacturing and office space.