US firm to inject £500m into UK biomedical research campus

Quick Summary:

The new development will house high-tech labs, supporting clinical trials and diagnostic services.

Economic growth is my number one mission, and unleashing private investment will play a major role in kickstarting it.

Reeves welcomed the vote of confidence from the business, which will fund a 115,000 square ft expansion to the campus – a world-leading biomedical cluster which currently generates £4.2 billion each year for the UK economy and employs more than 22,000 people.

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Article Details

Author / Journalist: Jonathan Symcox

Category: InvestingBusiness

Markets: United Kingdom

Topics: MedTech Investment

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 17:28:41 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: businesscloud.co.uk

Language: English

Article Length: 338 words

Reading Time: 2 minutes read

Sentences: 10 lines

Sentence Length: 34 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BusinessCloud

News ID: 23435868

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Main Topics: InvestingBusiness

Official Website: businesscloud.co.uk

Update Frequency: 1 posts per day

Year Established: 2016

Headquarters: United Kingdom

News Last Updated: 18 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #61

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