L

Lord Storey (LD)

Speaking in the House of Lords on 6 February 2025

Debate

AstraZeneca

Contribution

My Lords, when the former Chancellor announced that AstraZeneca was set to inject £450 million into the establishment of a new manufacturing plant in Liverpool, the metro mayor hailed the investment as a vote of confidence in the work of the Liverpool combined authority, providing the new investment and jobs for local people that the plant would bring. Just days after the Chancellor laid out billion-pound plans mainly for the south-east, the so-called “golden triangle”, AstraZeneca, as we know, pulled out of Liverpool. Can the Minister tell us whether the metro mayor was involved in the discussions over AstraZeneca, and if not, why not? Secondly, how do the Government plan to develop the city’s life sciences and pharmaceutical sector?

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