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AstraZeneca 2025-02-03

03 February 2025

Lead MP

Alan Mak

Debate Type

Urgent Question

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Other Contributors: 28

At a Glance

Alan Mak raised concerns about astrazeneca 2025-02-03 in the House of Commons. A government minister responded. Other MPs also contributed.

How the Debate Unfolded

MPs spoke in turn to share their views and ask questions. Here's what each person said:

Lead Contributor

Opened the debate
Will the Minister confirm that AstraZeneca has scrapped its £450 million investment deal at a facility in Merseyside, and will he explain why the Chancellor cut funding promised under the previous government's deal with AstraZeneca?

Government Response

Government Response
I can confirm that the Government has engaged closely with AstraZeneca on their proposed investment in Speke, Liverpool. The previous government's support was valued at £90 million, subject to successful due diligence. After an assessment of AstraZeneca's revised investment plans, which involved a smaller level of R&D in the UK, we sought to ensure value for money for taxpayers. Our decision followed due diligence and is part of our broader commitment to grow the life sciences sector through initiatives like the forthcoming industrial strategy, set to be released this spring.
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