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Evening Standard
Evening Standard
Sam Russell

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

United Kingdom Rachel Reeves Prologis Hollie Adams Peter Kyle San Francisco
Rachel Reeves looks through a microscope during a visit to a Laboratory For Molecular Biology at Cambridge Biomedical Campus (Hollie Adams/PA) - (PA Wire)

Chancellor Rachel Reeves described a £500 million private investment by a US firm into a UK research campus as a “real show of confidence in what this Government are doing to grow the economy”.

The investment by San Francisco-based developer Prologis, announced days after Labour’s Budget, will fund a 115,000 sq ft expansion to Cambridge Biomedical Campus.

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