Bigger Cambridge Biomedical Campus "priority" - Gove [Yahoo! Finance]
AstraZeneca PLC - American Depositary Shares (AZN)
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Source: Yahoo! Finance
Levelling Up Secretary Michael Gove said the "national importance" of the city's life sciences sector justifies "early expansion" of the site. The campus is home to the pharmaceutical giant Astra Zeneca and the multi-Nobel Prize winning Laboratory of Molecular Biology. One local leader has questioned whether the growth will come at a cost to the green belt. In a written ministerial statement Mr Gove said the government would set up a Cambridge Growth Company. One of its "first priorities" would be to "support immediate collaboration between key stakeholders" at the campus and to draw up new development plans. He added: "The Government is satisfied that the national importance of the Greater Cambridge life sciences sector is sufficient to prompt, in principle, the early expansion and coherent delivery of this foremost UK life sciences cluster." The growth company "will also help to address any barriers to the early expansion and coherent enhancement of the campus", he said
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