Describing the UK as "a world leader in developing science," US pharma company Merck says it plans to build a £1bn UK hub called the London Discovery Research Centre in London's King's Cross.
The company already employs some 2,000 people across five sites in the UK. This development will see it add about another 120 scientists and technicians, according to the FT's story, which quotes David Peacock, MSD's managing director for UK and Ireland, as saying that the company views the UK "as a world leader in developing science, driven by the long-term emphasis on building a strong research and development infrastructure.”
MSD's plans have been in the pipeline since December 2017 and planning consent has yet to be gained (and there will be opposition from heritage and conservation bodies). But it is evidence of the pulling power of the Francis Crick Institute - one of the most advanced medical research facilities in the world - and will be another feather in the cap for London's truly world class Knowledge Quarter.