Pharmaceuticals firm, AstraZeneca, has announced it is to invest £16.5 million into manufacturing facilities at its Macclesfield Campus. Investment includes a £2.5 million capital grant from the Government’s Medicines and Diagnostics Manufacturing Transformation Fund that was confirmed by Science … [Read more...]
News for: Science and Tech
Data protection reform offers innovation boost
The government has set out its plans to reform data protection rules following the UK’s exit from the EU, promising to protect consumers while creating opportunities to boost business through innovation. The Data Reform Bill, set out in this year’s Queen’s Speech aims to bolster data protection … [Read more...]
North West Space Cluster to boost region’s role in multi-billion pound UK space sector
The North-west has been confirmed as a strategic component of the UK’s multi-billion pound space sector, with a dedicated North West Space Cluster formally launched in the region. Led by the Science and Technology Facilities Council (STFC), alongside a consortium of key regional, national and … [Read more...]
New fund launched to boost Cheshire life sciences sector
A new £20 million fund has launched to help life sciences sector businesses in Cheshire, Warrington and Greater Manchester scale up. A partnership between Greater Manchester Combined Authority (GMCA), Cheshire and Warrington Local Enterprise Partnership (LEP), Bruntwood SciTech and Praetura … [Read more...]
Alderley Park biotechnology company plans £30 million share placing
Alderley Park based biotechnology company, Redx Pharma, plans to raise £30 million with a share placing. The business is proposing a placing to institutional investors of new ordinary shares at a price of 59 pence per placing share. The placing shares are being offered through an accelerated … [Read more...]
Carbon-to-value pioneer completes multi-million pound funding round
Alderley Park based Econic Technologies has announced it has closed a multi-million pound funding round to accelerate the commercialisation of its pioneering carbon-to-value technology that converts waste CO2 into a raw material which can replace fossil fuel derived resources. Incoming investor, … [Read more...]
Major acquisition behind 60% revenue growth at AstraZeneca
Macclesfield based global pharmaceuticals group, AstraZeneca, has seen its total revenue increase 60% to $11.39 billion in its first quarter results for 2022. The strong performance for the group has been boosted by the completion of its acquisition of US-based Alexion Pharmaceuticals, first … [Read more...]
Macclesfield business acquired by fellow drug discovery firm
Macclesfield based Peak Proteins has announced it has been acquired by fellow drug discovery business, Sygnature Discovery, for an undisclosed sum. The acquisition is the fourth in the last four years for the Nottingham-headquartered Sygnature Discovery, which also has a presence in Cheshire's … [Read more...]
20 North-west firms recognised in 2022 Queen’s Awards for Enterprise
20 businesses in the North-west have won in the Queen’s Awards for Enterprise, including one in Alderley Edge, with 232 firms recognised nationwide. The prestigious award celebrates the achievements of UK businesses across four categories: International Trade, Innovation, Sustainable Development … [Read more...]
£30 million funding announced to decarbonise road network
The government has announced a second round of funding to back innovative projects with the potential to help decarbonise the UK's road network. The Department of Transport's (DfT) £30 million Live Labs 2 competition will support pioneering projects to make the construction, maintenance and … [Read more...]
£39.8 billion R&D budget is largest ever
The government has announced that the Department for Business Energy and Industrial Strategy (BEIS) will have have a research and development (R&D) budget of almost £40 billion for 2022-25. The £39.8 billion, to be allocated between partner organisations, is the largest commitment to BEIS … [Read more...]
Gold Award for Cheshire East healthcare app
Cheshire East Council's online healthcare and wellbeing system, available through the NHS app, has been recognised at the iESE Public Sector Transformation Awards 2022. The MyCareView healthcare app received a Gold Award for ‘Best Use of Digital and Technology’ at the awards for public sector … [Read more...]