Drug group AstraZeneca said plans for a new research base in Cambridge will boost the chances of Britain discovering the next generation of medicines.
The group revealed it will build a new £330 million research and development (R&D) site on Cambridge Biomedical Campus in the south of the city by 2016, employing about 2,000 staff.
The group will merge its small molecule and biologics R&D at the site under plans aim to make AstraZeneca a "global leader in biopharmacuetical innovation". The drug group will also move its corporate headquarters to the site from London.
The new 11-acre site will become AstraZeneca's biggest centre for cancer research, as well as hosting scientists focusing on cardiovascular, metabolic, respiratory, inflammation and autoimmune diseases.
AstraZeneca chief executive Pascal Soriot said: "Cambridge competes on the global stage as a respected innovation hub for life sciences and our choice of site puts us at the heart of this important ecosystem, providing valuable collaboration opportunities.
"Moving to the Cambridge Biomedical Campus means our people will be able to rub shoulders with some of the world's best scientists and clinicians carrying out some of the world's leading research - that's a really exciting prospect.
"Today's announcement also confirms AstraZeneca's long-standing commitment to the UK and increases the chances that the next generation of medicines will be discovered here in Britain."
AstraZeneca announced plans for the new R&D site in March, but did not confirm the exact location until Tuesday.
The company has also announced plans to cease R&D at Alderley Park in Cheshire, with about 1,600 roles moving from the site over the next three years. Combined with the closure of its London headquarters, the group expects to cut about 700 UK jobs by 2016.
AstraZeneca's biologics arm MedImmune already employs about 500 staff in Cambridge.
Five of the most fascinating companies
£330m research base for drug firm
Not many companies have films made about them. But the story of social networking site Facebook attracted enough attention to interest Hollywood, resulting in the 2010 film The Social Network. The interest was not just due to the immense popularity of the Facebook website, which was created in its earliest form by Harvard University student Mark Zuckerburg in 2004, though. It was also a result of the legal wrangling between Zuckerburg and fellow Harvard students Divya Narendra and Cameron and Tyler Winklevoss, who founded the social networking site ConnectU and accused Zuckerberg - who worked for them before creating Facebook - of copying their ideas and coding. In something of a damp squib ending, however, the case was dismissed due to a technicality in March 2007 without a ruling being made.
Most of the companies on this list are household names. However, comparatively few people have heard of Olam International, despite it being one of the world's largest agricultural commodity companies.
In fact, it produces enough cotton to keep everyone in the world in socks (three pairs per person, per year).
Fans of chocolate bars such as Mars are also sure to have consumed chocolate made from beans handled by Olam - they just don't realise it.
Headquartered in Singapore, Olam was founded in 1989. It now purchases ingredients such as coffee and cocoa from around 3.5 million smallholder famers based in emerging markets around the world. This enables it to work with communities in rural Africa and Asia on everything from productivity to environmental impact, resulting in a potentially huge impact on some of the world's poorest people.
Love them or hate them, Starbucks coffee shops are everywhere nowadays. Hardly surprising when you consider that the company has opened an average of two stores a day since 1987 (despite having to close some locations down too).
However, back in 1971 there was just one Starbucks coffee shop, in Seattle, Washington.
Named after Starbuck, the first mate on the whaling ship in the novel Moby Dick, the shop originally sold roasted coffee, but did not brew coffee to sell.
Now, though, you can get everything from a blueberry muffin to a mocha frappuccino from your local Starbucks store.
According to the company the white ribbon was introduced under the name in 1969. When competitors first entered the market, Coke made much of its curved bottle design which distinguished it from those that followed. As fewer and fewer people drank from bottles, the ribbon was produced as an alternative distinctive curve.
According to mokokoma, the apple is the fruit of the tree of knowledge. There is some question as to whether the bite taken out of it is a play on the word byte, symbolism of the fruit being eaten and the knowledge imparted, or just to make it look more like an apple and less like a cherry tomato.
By far the most dangerous job across most of the world is fishing. Apparently 103 in every 100,000 fishermen will die at sea - most of them by drowning, and according to Oxford University, those who work at sea are an incredible 50 times more likely to die at work than anyone else.
How well they are rewarded for risking their lives depends on where they fit in the pecking order. At the very top, with your own boat and crew, in a good year, you could bring home more than £100,000. At the bottom of the heap as a trainee deckhand you would be lucky to get more than £10,000 a year.
In the army, these experts have the nickname Felix - because they need every one of the nine lives. We all make mistakes at work and in this role mistakes will kill or maim you.
In return for taking up such a dangerous role, you'll be paid £32,000 a year, which is made to look even more paltry by the fact that many of these experts end up drawing a disability pension before very long.
The risks of working with highly volatile and explosive materials in impossibly difficult natural environments is bad enough. Add in the risks of working in politically charged environments where you may well be a target for terrorists, and you can see why this is a dangerous job. In fact it has a fatality rate of around 32 per 100,000, and around 100 people a year die in the industry- around twice the average for all UK workers.
This risk, however, is reasonably rewarded - partly because of the fact it can be hard to attract workers to the places where oil and gas needs to be extracted. It's not uncommon for those with experience to be making £75,000 a year.
Put people up high, give them something heavy and awkward to carry, then get them to do it in the rain. It's not surprising this is a dangerous job. What is perhaps surprising is that over the past five years 30% of all work-related deaths in the UK have been in this industry. The riskiest construction jobs are those where heights are part of the every-day business of work - with scaffolders, steeplejacks ad roofers facing the most danger at work.
The pay starts around £20,000 for skilled workers, rising to around £50,000 for site managers.
Around 54,000 road accidents involving professional drivers take place on British roads every year - which is around 250 a day. Meanwhile, one in four of all road deaths involve a driver who is at work at the time. Despite stringent rules about how long they are allowed to drive for, and in-cab telematics to make sure they don't bend the rules, tiredness is the main cause.
In return for the danger, plus the long hours and the anti-social lifestyle, these workers can expect to earn around £25,000 a year.
The risks are perhaps unsurprising, given that drowning accounts for the majority of fatalities. However there are also problems from high gas consumption and mental health problems, often due to having to spend inordinate times decompressing in a confined space with another individual.
However, given the risks, the inhospitable locations and the skills required, the role can earn you £100,000 a year or more.
These are often ex-military personnel employed to protect wealthy or powerful individuals. The role is unsurprisingly highly dangerous, with the constant threat of terrorist attacks, enemy fire or booby traps.
There really is danger money associated with this job, which is another role than can earn the right individual 6 figures a year.
Around 15 police officers lose their lives at work every year. However, surprisingly, the biggest risk is from involvement in a road accident, which causes 70% of the deaths. Around half of these are officers getting to and from work. Meanwhile no more than one or two are killed by criminals in an average year. Fatalities, however, are only a small proportion of the massive number of injuries a policeman can pick up - with roughly one police officer injured every hour.
In return they can expect to earn around £40,000, rising to £55,000 for senior officers.
Again there aren't a huge number of deaths in the line of duty. However, every fire is potentially fatal, and every job carries the risk of injury. Injures are very common, although burns account for only 5% of them, the rest tend to be due to things like training and carrying equipment.
The pay has been subject to a number of arguments and even strikes but is currently around £30,000.
Perhaps it's surprising that this doesn't come higher up the list. Since 2001 over 350 have lost their lives fighting in Iraq and Afghanistan. The front line is clearly just about the most dangerous environment possible, and has to be up there with the place that most people would least like to work.
In return for putting their lives on the line in the service of their county, army personnel can expect to be paid £14,000 when they start out - rising to up to £100,000 for the most senior officers.