Firm’s £500m investment in UK is show of confidence in Government – Chancellor

Chancellor Rachel Reeves praised a £500 million investment by US firm Prologis into Cambridge Biomedical Campus as a sign of confidence in the UK’s economic growth efforts. The expansion will create over 2,120 skilled jobs and inject millions into the economy annually, supporting high-tech labs and cutting-edge research. Ms Reeves visited the MRC Laboratory of Molecular Biology to witness the impact of the investment firsthand and highlight the importance of growing the life science industry in Britain.

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