The company’s Advanced Wound Management franchise will be based in Melton West business park next to the A63 after no suitable site could be found within Hull City Council boundaries.
It will eventually replace the Hull site where Smith & Nephew, founded in 1856, has operated for 100 years.
Franchise Chairman Simon Fraser said: “This major investment demonstrates our commitment to the UK and building our leadership in advanced wound management. Our vision is of a world-class working environment that encourages innovation and collaboration to deliver next-generation products that improve the standard of care for the NHS and customers around the world. Smith+Nephew was founded in Hull in 1856 and we are proud to make this major investment in the region for future generations.
Subject to planning approval, the new facility will be eight miles from the current Smith & Nephew site in Hull.
The Advanced Wound Management research and development program will benefit from state-of-the-art laboratories better able to support the development of new technologies to address unmet clinical needs. This ensures that the UK remains one of the world’s leading wound care locations.
Manufacturing will focus on producing high-tech products, supporting fast and efficient new product launches and manufacturing complex materials used across Smith+Nephew’s portfolio.
The new facility will be designed to high sustainability standards with an emphasis on energy and resource efficiency.
The company added: “Melton West Business Park is the closest available suitable site to our current Hull facility. It offers the size and established infrastructure to accommodate the new facility and is allocated under the East Riding of Yorkshire local plan for such developments.
“Smith + Nephew have worked closely with Hull City Council, but unfortunately have been unable to find a suitably sized and deliverable site in the city. Smith & Nephew is committed to continuing to work with the council and other stakeholders regarding future options for the current Hull site.”