Reeves ‘planning to cut state aid’ for AstraZeneca project in Merseyside

Reeves ‘planning to cut state aid’ for AstraZeneca project in Merseyside

AstraZeneca, Merseyside, Rachel Reeves, Pharmaceuticals industry, Business, UK news Business | The Guardian

​Chancellor reportedly seeking to cut £20m from the £65m promised to expand site by Jeremy Hunt in MarchBusiness live – latest updatesA £450m plan to expand an AstraZeneca vaccine-manufacturing site in Merseyside has suffered a blow after it emerged the government plans to cut some of the funding for the scheme.It is understood that the chancellor, Rachel Reeves, is considering reducing the state aid earmarked for the scheme by more than £20m after her predecessor, Jeremy Hunt, had promised the pharmaceutical company £65m. Continue reading… 

Chancellor reportedly seeking to cut £20m from the £65m promised to expand site by Jeremy Hunt in March

Business live – latest updates

A £450m plan to expand an AstraZeneca vaccine-manufacturing site in Merseyside has suffered a blow after it emerged the government plans to cut some of the funding for the scheme.

It is understood that the chancellor, Rachel Reeves, is considering reducing the state aid earmarked for the scheme by more than £20m after her predecessor, Jeremy Hunt, had promised the pharmaceutical company £65m.

Continue reading… 

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