Us Parent Pulls Plug On Research Firm ; a Company That has Received More Than Pounds6 Million of Taxpayers' Money to Set Up and Stay in the Westcountry has Gone Into Administration Just Six Years After Coming to the Region.

Summary

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A company that has received more than pounds6 million of taxpayers' money to set up and stay in the Westcountry has gone into administration just six years after coming to the region.

Exelgen - formerly Tripos Discovery Research (TDR) - also spent pounds16 million of its own money creating a research laboratory in Bude.

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Extract

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Us Parent Pulls Plug On Research Firm ; a Company That has Received More Than Pounds6 Million of Taxpayers' Money to Set Up and Stay in the Westcountry has Gone Into Administration Just Six Years After Coming to the Region.

At its peak it employed 150 in the North Cornwall town, but by the time TDR's parent company went into liquidation in May 2007, leading to its s...

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