If this is about GSK I posted it earlier - Great News
To be fair it was the patent tax that was the clincher and the corp tax just an added bonus.
GSK made the promise to build again in the UK if a patent tax break was implemented.
He also got his Knighthood in the New Years Honours - there was definately something coming.
The jobs in Ulverston will be a great boost for the north. Its a biopharma plant making additives for vaccines so a solid future at the head of technology.
my previous post
Credit it where it is due the Tories did create the environment to have it built in the UK by lowering the corporation tax rate on UK owned IP thus promoting innovation - we need more of this type of policy.
"Drugmaker GlaxoSmithKline has said it will invest £500m in manufacturing in the UK, including building a new factory in Ulverston, Cumbria.
The investments could create up to 1,000 new jobs, Glaxo said. The biopharmaceutical facility will be its first new UK factory for 40 years.
Glaxo said it was "one of the largest commitments to the UK life-sciences sector in recent years".
Glaxo also said it would invest more than £100m in its Irvine and Montrose manufacturing sites in Scotland."
Messed up the title - it was meant to have "Jobs" and "North" in it.
Read more: http://www.readytogo.net/smb/showthr...#ixzz1pvX8M6hB