The Telegraph published this video item, entitled “Lab grown meat: UK missing out on Brexit freedoms of humane meat market power” – below is their description.
A leading British startup has threatened to withdraw operations from the UK if the government doesn’t take advantage of new Brexit regulatory freedoms.
The CEO of Ivy Farm Technologies, which produces lab-grown meat, warned sticking to the EU’s food regulations would leave Britain behind in the global race for agricultural innovation.
Speaking to The Telegraph, CEO Richard Dillon said: “We’re kind of at a tipping point right now in Ivy Farms’ history and future.”
“Do we stay in the UK as a proudly British company with predominantly UK staff?
“The UK is set up to be a biotech and a food tech leader… But the decision point for us is if we cannot see a path through to regulation, through to sale, through to bringing in sales and profit, then we will be forced to up and move to another market.”
“And so should Ivy Farm actually produce and even set up its R&D and pilot plant headquarters in the States versus the UK is a very real question that we have to answer in the next months.”
“Otherwise we are at a disadvantage versus other cultivated meat companies in the space who are also looking for funding for the right staff and ultimately for that path to market.”
Companies around the world are investing in lab-grown meat as an ethical and healthier alternative to traditional animal farmed products.
However, only Singapore has approved the product for sale in a limited capacity, whilst food regulators across Europe and America continue to contemplate approval for lab-grown meat.
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