Published 24 days ago • loading... • Updated 22 days ago

AstraZeneca scraps £450m vaccine plant in Liverpool after Labour funding cut

AstraZeneca has cancelled plans for a £450m vaccine manufacturing plant in Liverpool due to a cut in funding from the government, as stated by the pharmaceutical giant.
The investment was initially announced as a 'vote of confidence' in Liverpool and the UK's life science sector, but Labour ministers offered less funding than before.
An AstraZeneca spokesperson noted that 'Several factors have influenced this decision including the timing and reduction of the final offer compared to the previous government's proposal.'
The government stated that a 'change in the make-up of the investment' led to a reduced grant offer, highlighting the need for taxpayer value.

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Channel 4

Astrazeneca cancels million-pound investment in UK vaccine factory

The pharmaceutical giant AstraZeneca has cancelled plans to invest £450 million in a vaccine manufacturing plant in Merseyside – blaming the Labour for failing to match the level of funding offered by the previous government.

24 days ago·London, United Kingdom

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Toronto Sun

AstraZeneca scraps plan to expand vaccine plant in U.K. in blow to government

Pharmaceutical company AstraZeneca cancelled a planned 450 million-pound investment in a vaccine manufacturing plant in northwest England

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Reuters

AstraZeneca ditches UK investment over cut in state support

AstraZeneca on Friday scrapped plans to invest 450 million pounds ($558.3 million) in its vaccine manufacturing plant in northern England, citing a cut in British government support.

24 days ago·United Kingdom

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