Drug and pharmaceuticals giant GSK is set to create up to 5,000 new jobs over the next ten years as part of plans to create one of Europe's largest biotechnology campuses in Hertfordshire.
Bosses said they'll seek a partner to transform land within the company's existing 92-acre research and development site in Stevenage.
The company hopes the plans will help unlock up to £400 million in new investments from a private sector developer as part of a partnership with the local council, UK Government and entrepreneur bodies.
Plans will be drawn up next year for the site. It is believed the new campus could create more than one million square feet of new floorspace for commercial life sciences research and development.