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

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

Fri, 22:17
Gritters will be out this weekend. Picture: Owen Humphreys/PA Wire

County highways teams are monitoring the situation as forecasters predict icy conditions and wintry showers/

Read more
Fri, 15:37
A Devon marine reef scene. Picture: Mike Deaton.

Two areas included in the next round of Government plans to introduce MCZs to English waters...

Read more
Fri, 15:29

North Devon Council has cut winter parking charges from £2 all day to £1.20.

Read more
Fri, 14:45
The Burton Art Gallery

Arts Council England funding feasibility study to examine library move and art gallery expansion.

Read more

Local Weather

Overcast

Overcast

max temp: 3°C

min temp: 0°C

Most Read News

Advertise in the paper
Submit a Story
Subscribe to the paper
Competitions
North Devon Football League
Order Photos
Family notices
iwitness24
Facebook
Twitter
Google Plus Page
Family Notices 24

Digital Edition

Image
Read the North Devon Gazette e-edition today E-edition

North Devon's trusted business finder