- Date of Transaction: Jun 2014
- Acquirer: n/a
- Service: Debt Advisory
- Sector: N/A
Actavis were awarded £1.5 million from the UK government's Regional Growth Fund
Actavis in Barnstaple, Devon, were awarded £1.5 million from the UK government's Regional Growth Fund, which, combined with £4.5 million received from Actavis' parent company, will be used to invest and increase the manufacturing facilities in the UK.
The Regional Growth Fund supports projects to increase private sector investment in the UK to create economic growth and lasting employment. Since 2010, the Regional Growth Fund has invested £2.6 billion to help local businesses grow and increase employment across England.
Nexus Corporate Finance team members were involved in the diligence of Actavis' Regional Growth Fund submission.