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Evening Standard
Evening Standard
Business
Holly Williams

GSK to shut Stevenage R&D hub under plans to open new site in Cambridge

GSK Stevenage Cambridge
GSK has revealed it will shut its main research and development hub in Stevenage and slash costs across the group under plans to open a new site in Cambridge as part of a wider £400 million investment. (GSK/PA) -

GSK has revealed it will shut its main research and development hub in Stevenage and open a new flagship site in Cambridge with aims to slash costs by £1.9 billion to fund investment plans.

Around 1,800 staff work at the R&D site in Stevenage, Hertfordshire, but GSK has said the new 300,000sq ft centre in Cambridge will house more than 1,000 scientists, with a phased move for staff by 2029.

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