PIF member Barts Health NHS Trust is planning a new research centre to improve care and support for older people.
It is working with Queen Mary University London to set up the Academic Centre for Healthy Ageing in the UK.
The centre will be hosted at Whipps Cross Hospital in East London.
The aim is to fill gaps in research and knowledge about how to improve quality of life for older people.
This will help the NHS improve the way it provides care and support across the UK, including supporting older people to live independently.
It is also hoped the centre will address health inequalities in East London.
The area has one of the fastest growing and most deprived populations in the country.
People living in East London experience poor health at a much earlier age than others in the capital.
Research will be focused on highlighting potential improvements, in East London and beyond.
Academic Centre for Healthy Ageing
The Academic Centre for Healthy Ageing will be the hub for a network of clinicians, researchers, educators, policymakers and the local community.
Funding has come from a £6.6 million award from the Barts Charity.
The centre will be part of the ongoing redevelopment of the Whipps Cross Hospital site.