Multi-million boost for Actavis in Barnstaple

15:40 16 June 2014

Actavis Barnstaple.

Actavis Barnstaple.

Archant

North Devon factory set for expansion after £1.5million government grant and American investment.

BARNSTAPLE pharmaceuticals manufacturer Actavis has received a £1.5million injection from the Government, it was announced on Monday.

North Devon MP Nick Harvey welcomed news of the grant, offered as part of the Regional Growth Fund scheme.

It is understood that combined with a £4.5 million investment by its American parent company, a total of £6m will be invested in high-tech expansion at the Barnstaple factory site.

The company said the project was focused on manufacturing and new product development, but it could not comment on the scale of the expansion or new jobs at this stage.

It said the funding is to support building an extension to the Barnstaple facility, ‘dedicated to advanced manufacturing and expanding development capabilities’.

Sara Vincent, vice president for UK and Ireland added: “This presents a great opportunity to build on our capabilities in the development and manufacturing of medicines, while also growing our national and international business.”

Mr Harvey said Business Secretary Vince Cable had been very impressed and promised to help when he visited the site last autumn.

“This is the first big success since Vince’s announcement that parts of North Devon are to be eligible for capital grants to help boost local business,” said Mr Harvey.

“The new facilities should, in time, enable the Barnstaple site to sell into the lucrative American market, and will sustain and increase high quality employment in the area for many years to come.

“I congratulate Actavis on their achievement and thank Vince Cable for recognising their potential for further success and growth.”

0 comments

Comments

Welcome , please leave your message below.

Optional - JPG files only
Optional - MP3 files only
Optional - 3GP, AVI, MOV, MPG or WMV files
Comments

Please log in to leave a comment and share your views with other North Devon Gazette visitors.

We enable people to post comments with the aim of encouraging open debate.

Only people who register and sign up to our terms and conditions can post comments. These terms and conditions explain our house rules and legal guidelines.

Comments are not edited by North Devon Gazette staff prior to publication but may be automatically filtered.

If you have a complaint about a comment please contact us by clicking on the Report This Comment button next to the comment.

Not a member yet?

Register to create your own unique North Devon Gazette account for free.

Signing up is free, quick and easy and offers you the chance to add comments, personalise the site with local information picked just for you, and more.

Sign up now

Other News Stories

12:46
The pups in their new home

Wildlife and Dinosaur Park team up with RSPCA to help seal pups

Read more
07:00
Bishops Tawton’s The Three Pigeons pub could become a family home under proposals submitted to North Devon Council. Picture: Andy Keeble

‘Ugly’ extensions at Bishops Tawton pub could be demolished as part of new proposal for grade II listed building.

Read more
11:39
Kevin Carlyle’s festive lights display in Springfield Road, Bickington. Picture: Submitted

Festive display pulls in the crowds – and donations for air ambulance.

Read more
10:25
Scouts from Bratton Fleming, Chivenor and Pilton are awarded Chief Scout silver and gold awards by district commissioner Neil Cornfield. Picture: Submitted

Chief Scout awards presented at South Molton ceremony.

Read more

Local Weather

Sunny

Sunny

max temp: 8°C

min temp: 8°C

Most Read News

Family notices
Subscriptions
Reader travel
Advertise
Photo Orders
Competitions
Facebook
Twitter
North Devon Football League
North Devon Gazette E-edition

Digital Edition

Image
Read the North Devon Gazette e-edition today E-edition
North Devon�s trusted business finder