Biotech Hub Planned For U.K. | October 19, 2009 Issue - Vol. 87 Issue 42 | Chemical & Engineering News
Volume 87 Issue 42 | p. 19 | Concentrates
Issue Date: October 19, 2009

Biotech Hub Planned For U.K.

Department: Business
Keywords: Biotechnology Park, U.K., GlaxoSmithKline

Public, private, and nonprofit entities have committed $60 million to develop a biotechnology science park at GlaxoSmithKline's Stevenage, England, research site. The consortium hopes to attract early-stage firms employing as many as 1,500 scientists to the development. Contributors, including U.K. government agencies and funding charity Wellcome Trust, expect to create a campus where scientists will have shared access to specialist skills, equipment, and expertise. GSK will contribute land, facilities, and $17 million to the effort. Wellcome Trust will provide $9 million, with the balance coming from the government.

 
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