Pharmaceutical company AstraZeneca has announced plans to build £330 million research centre and corporate HQ in Cambridge that will pave the way for new jobs in the construction industry.
The move is part of the company’s proposals to create strategic global R&D centres in the UK, US and Sweden to improve pipeline productivity and to establish AstraZeneca as a global leader in biopharmaceutical innovation.
Focusing on the company’s UK-based activities at the new centre in Cambridge, the pharmaceutical giant will build on AstraZeneca’s world-leading protein engineering capabilities already based in the city, expanding its operations and boosting employment across a range of industries in the area.
Chief executive of AstraZeneca, Pascal Soriot, said: “Our proposed investment is a clear signal of AstraZeneca’s long-term commitment to the UK and highlights the important role Cambridge plays internationally in bioscience research.
“The Government’s Life Sciences Strategy and the meaningful policies they have put in place in recent years to encourage investment help make Britain an attractive location for biopharmaceutical research and development.
“Cambridge, which boasts strong links with London-based research institutions, is a world-renowned bioscience hotspot that rivals the likes of San Francisco and Boston.
“In a world where partnerships and collaborations drive medical progress, becoming an integral part of the Cambridge ecosystem offers compelling advantages for AstraZeneca, giving us easier access to leading-edge academic and industry networks, scientific talent and valuable partnering opportunities.
“I believe that the investment we are announcing today greatly increases the chances that the next generation of innovative medicines will be invented and manufactured in Britain.”
What is your reaction to the £330 million plan to build a new research and corporate centre in Cambridge that will boot the construction industry and the trades? Share your thoughts by commenting here or raise your voice on our Facebook and Twitter pages.
It is the first time that an All-Party Parliamentary Group has taken a trade mission on a visit to a market in conjunction with UK Trade & Investment (UKTI).
Infrastructure opportunities are growing rapidly in the South East Asia region, which includes some of the fastest-growing markets. The region is predicted to be the fourth largest market in the world by 2030.
The mission is set to start in Singapore where the group will meet key figures from the public and private sector education and business communities.
Trade and Investment Minister Lord Green said: “Getting more companies to export and attracting high-quality investment to the UK are key planks of the government’s Plan for Growth. Indonesia and Singapore are high growth markets and I am delighted to see this mission taking place.”
In 2011 UK goods and services exports to Singapore totalled £7.8 billion (+7.4% on 2010), making Singapore the UK’s largest trading partner in Southeast Asia. Opportunities in Singapore include machinery and transport, which is the largest UK goods export sector to Singapore.
MP Margot James said: “I am delighted to be leading this mission, the first by the All-Party Parliamentary Group for Trade and Investment.
“This trade mission is a fantastic opportunity to give British companies access to the exciting and growing markets of Singapore and Indonesia which are vital to delivering the UK’s economic growth agenda.”
The UK is ranked 20th largest exporter to Indonesia and the 3rd largest among EU member states. The UK’s largest exports to Indonesia include power generation equipment; general industrial machinery, road vehicles, pulp and waste paper and specialised machinery.
What is your reaction to the trade delegation in Singapore and Indonesia this week to strengthen business ties and create new jobs? Share your thoughts by commenting here or raising your voice on our Facebook and Twitter pages.
You can listen to the full interview with Lincoln via AudioBoo at: www.audioboo.fm/train4tradeskills
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A redundant scientist is earning ‘top’ money in the plumbing industry after taking a training course with top trades’ school ATL, the Daily Mirror has revealed.
Leading trade skills provider ATL made news across the country today after laboratory scientist Steve Banks hung up his test tubes and went looking for a way to turn his life round.
And Steve, aged 43, who has two sons, Mathew and Daniel, as well as a three-year old girl Ruby and lives with his wife, Naomi, said he wished he had taken the plunge years ago.
Steve told the Daily Mirror: “I started looking around for courses I could do in my own time while carrying on working and asking people for recommendations and found that ATL had a very good reputation.”
When Steve was made redundant in 2009, he had almost completed his plumbing course and was about to set up his own business… Now he earns about £45,000 a year, much more than in his previous job.
Steve said: “It was great really, I got so much confidence from the course that my business grew through word of mouth.”
Altogether, Steve from Letchworth, Herts, spent about £6,500 from his redundancy money on his training. “This was a lifetime investment for me and it is paying off.”
Steve says that he is a very practical person who always enjoys doing things with his hands. He used to help his father who was working in the building trades before he retired.
Like every new thing, Steve admits that his business was slow to start with, but soon people began to ring him, saying that a friend had recommended his services. Now he is thinking of employing extra people to help him.