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AstraZeneca to invest £650mln in UK life sciences

Published 06/03/2024, 13:23
Updated 06/03/2024, 13:41
© Reuters.  AstraZeneca to invest £650mln in UK life sciences

Proactive Investors - Chancellor Jeremy Hunt also announced that British pharma giant AstraZeneca PLC (LON:AZN) plans to invest £650 million in UK life sciences.

Under levelling-up plans, AstraZeneca (NASDAQ:AZN) will develop a vaccine manufacturing facility in Liverpool. Further details are pending.

The announcement came during Hunt's Spring Budget, where he also announced a £5,000 increase in ISA allowances through a ‘Great British ISA’ restricted to UK-listed stocks only.

This brings the yearly tax-free allowance for ISA customers up to £25,000 per year.

AstraZeneca’s share was unbudged at 10,034p following the announcement.

Read more on Proactive Investors UK

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