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The investment will be spread across three sites: Barnard Castle in County Durham; Montrose, Scotland; and Ware, Hertfordshire.
GlaxoSmithKline has announced plans to invest £275 million at three manufacturing sites in the United Kingdom, with the aim of boosting production and supporting the delivery of the company’s respiratory and biopharmaceuticals portfolio. The vast majority of these products will be for export to global markets.
GSK has nine sites employing approximately 6000 staff in the UK. According to the pharmaceutical firm, UK is an attractive location for investment in advanced manufacturing driven by the skilled workforce, technological and scientific capabilities and infrastructure, and a competitive corporate tax system. The Patent Box, for example, encourages investment in R&D and related manufacturing in the UK by delivering a lower rate of corporation tax on profits generated from UK-owned intellectual property.
The investment will be split across three UK sites:
It is expected that with the construction of these new facilities in place, GSK will lead in the creation of new employment opportunities.