Sutton Council's housing, economy and business committee approved a provisional framework of the plans. It was noted that site's transformation would attract a total investment of £1 billion over its lifetime. In March 2021 it was announced that a new "Innovation Gateway" was expected to open in the London Cancer Hub in Sutton in late 2021, whereby innovative life science companies will have the opportunity to collaborate with world-class scientists at the Institute of Cancer Research. Professor Paul Workman, Chief Executive at the Institute, said: “The creation of the Innovation Gateway is a really significant step forward in realising the vision of The London Cancer Hub, an ambitious partnership that aims to create a leading district for cancer research, treatment and commercial enterprise in Sutton. “The ICR is a world leading academic centre for cancer drug discovery and we already collaborate with more than 100 companies to take new treatments to patients. This new development represents the first opportunity for companies to work directly with our scientists and clinicians from a base on site, and we are very excited about bringing in new tenants to further enhance our work in collaboration with industry to create new treatments for cancer patients.” In October 2021, the Centre for Cancer Drug Discovery, sited in a new 7,300 square metre building costing £75 million, was opened by Princess Anne. Town centre regeneration Several major building projects are underway or have recently been completed in the town centre: Sutton Point, at the southern end of the town centre, will include a hotel, apart-hotel, apartments (with a car club), a health club, shops, restaurants and office space. Construction of the £90 million scheme was awarded by the developer CNM to the building firm Ardmore, and was due for completion in December 2018. The Old Gas Works, a major development by LXB Retail Properties at the north end of the High Street, including apartments, a Sainsbury's supermarket, retail units and a landscaped square with fountain was completed in 2016. The scheme represented a £50 million investment in the town. Subsea 7 has expanded in Sutton, making it the site of its new world headquarters. The firm moved within the town to a new, purpose-built, five-storey, 17,500 square metre office building. Four hundred jobs were created, mainly by relocation, taking the workforce in Sutton to 780. Construction of the £39 million development by Galliford Try started in 2014,