The Minister of State, Department for International Development
(Lord Bates) (Con):...At the launch of the industrial strategy,
referred to by the noble Baroness, Lady Randerson, we also
celebrated two major new investments in cutting-edge pharmaceutical
companies—MSD, which will develop a research facility in London by
2020 aimed at finding new drugs, and Qiagen, a leading diagnostics
company, which, partnered by Health Innovation Manchester, will
develop genomics and diagnostics at its...Request free trial
The Minister of State, Department for International
Development (Lord Bates) (Con):...At the launch of the
industrial strategy, referred to by the noble Baroness, Lady
Randerson, we also celebrated two major new investments in
cutting-edge pharmaceutical companies—MSD, which will develop a
research facility in London by 2020 aimed at finding new drugs, and
Qiagen, a leading diagnostics company, which, partnered by Health
Innovation Manchester, will develop genomics and diagnostics at its
campus in the city. Facebook announced just today that it will
create another 800 new jobs in the UK in 2018, and not quite the
low-skilled jobs that some noble Lords referred to. Toyota
announced a £240 million investment to upgrade its car plant in
Derbyshire, Rolls-Royce announced a £150 million
investment in UK aerospace, and BMW will build a fully electric
version of the Mini in the UK. All these are foreign investments in
the UK. They express a belief in the United Kingdom and what we,
the people of the United Kingdom, have to offer. That point was
touched on by the noble Lord, , who then rightly asked
us to focus on the importance of investment. I will come to that
point first...
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