Chancellor Rachel Reeves described a £500 million private investment by a US firm into a UK research campus as a "real show of confidence in what this Government are doing to grow the economy".The investment by San Francisco-based developer Prologis, announced days after Labour's Budget, will fund a 115,000 sq ft expansion to Cambridge Biomedical Campus.The campus already supports more than 22,000 jobs and generates £4.2 billion each year for the UK economy.

Chancellor Rachel Reeves described a £500 million private investment by a US firm into a UK research campus as a "real show of confidence in what this Government are doing to grow the economy".The investment by San Francisco-based developer Prologis, announced days after Labour's Budget, will fund a 115,000 sq ft expansion to Cambridge Biomedical Campus.The campus already supports more than 22,000 jobs and generates £4.2 billion each year for the UK economy.