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GSK invests £500m in UK

22nd March 2012

Drug manufacturer GlaxoSmithKline is set to invest £500m in manufacturing in the UK.

Plans include building a new factory in Ulverston, Cumbria, in investments which could create up to 1,000 new jobs and see the biopharmaceutical facility be the first new UK factory for Glaxo in 40 years. Glaxo said it was “one of the largest commitments to the UK life-sciences sector in recent years” and was motivated by tax rules announced by Chancellor George Osborne in his budget. But it will not be up and running until at least 2020.

 

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Article Information

Title: GSK invests £500m in UK
Author: Mark Nicholls
Article Id: 21461
Date Added: 22nd Mar 2012

Sources

BBC News

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