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'Shock and disappointment' at GSK announcement

19 July 2017

Today’s announcement that GSK is pulling out of its planned investment at the Ulverston site has been met with ‘shock and disappointment.’  

Our portfolio holder for the economy, Councillor Graham Vincent, said the news the company was not going to proceed with its previously planned investment was a blow, but stressed that our immediate concern now was to understand the implications for the future of the current site and the existing GSK employees in Ulverston.

Councillor Vincent said: “We are shocked and disappointed to see today’s announcement from GSK.

“We have been in meetings and discussions with GSK in the last few weeks about unrelated matters and there was no suggestion that this announcement was on the horizon.

“Our chief executive has this afternoon spoken with management at GSK to seek more information from the company about the existing site and the staff in Ulverston, for who this must be a very worrying and uncertain time.

“We understand that there will be no immediate impact  on the existing workforce and we are fully committed to doing all that we can to assist GSK, its staff and the wider Ulverston community.

“We will work with the company, the local MP, town, county and district councillors and Cumbria LEP to offer whatever support is necessary.

“We have been told by the management at GSK in Ulverston that the site remains very profitable and, should one of the future options be to look at selling the Ulverston operation, that it would be an attractive proposition for any potential purchaser.

“We have given our assurances that if they do look to sell the site that we will do all that we can to support them in finding a buyer to ensure the ongoing operation of the facility.’’