Millions to be invested to make Cambridge "world's leading scientific powerhouse"

Cambridge is going to receive millions to become what the Chancellor has called "the world's leading scientific powerhouse".

In his Spring Budget, Jeremy Hunt says there will be a long-term funding settlement for a future development corporation in Cambridge - worth around £10 million.

In December, Housing Secretary Michael Gove said the corporation could deliver upwards of 150,000 homes around the city over the next 20 years.

Mr Hunt also said life sciences company AstraZeneca - who were behind the COVID vaccine - will invest £650 million across the country.

The money will go towards expanding their footprint on the Cambridge Biomedical Campus and fund the building of a vaccine manufacturing hub in Speke in Liverpool.

Hear all the latest news from across the UK on the hour, every hour, on Greatest Hits Radio on DAB, smartspeaker, at greatesthitsradio.co.uk, and on the Rayo app.