LISTEN: £8.7m investment into Inverness company
LifeScan, who support 1100 jobs in the Inverness area, welcome investment in their Highland site along with support from HIE.
LifeScan in Inverness is to embark on an £8.7 million investment to innovate its research, development and manufacturing capabilities.
LifeScan currently employs more than 1100 people in Inverness, developing and manufacturing products for the treatment of diabetes.
This ranges from the development of meters and software for people to self-monitor blood glucose levels to the manufacture of test strips that the meters use.
Highlands and Islands Enterprise (HIE) is supporting the company with an investment of £1.85m in the plan, which will support more than 600 jobs associated with the new technologies.
LifeScan MD David McMillan explains where the £8.7m investment (including £1.85m from HIE) will go towards:-
There are more than 70 life sciences organisations operating in the Highlands and Islands. The sector is worth an estimated £131.1 million, supporting nearly 1,800 full time equivalent jobs. Across Scotland the sector turns over £3.1 billion, with around 640 organisations employing more than 32,000 people. It is a key growth sector in the Highlands and Islands and a priority for HIE.