£3.5m grant for Randox to develop R&D base
Healthcare firm Randox Teo has received a €5m (£3.5m) grant from the Republic's government to develop its research and development facility in Co Donegal.
The firm, part of Crumlin-based Randox Laboratories, will expand its workforce to 450 people by the end of 2020.
It currently employs 85 people at the site, and this will increase to 125 by the end of the year.
The investment by Udaras na Gaeltachta will be paid over the next five years.
In January Randox announced the development of facilities at the former Massereene army barracks in Antrim, which will see the creation of 540 new jobs.
The new Antrim facility will become the now Crumlin-based company's headquarters and primary site.
The brainchild of Dr Peter Fitzgerald CBE, Randox is now one of Northern Ireland's most forward-thinking and internationally-renowned medical companies.
It specialises in a raft of diagnosis technology that's used across swathes of industry, from healthcare to toxicology and the food industry.