Strategic file | Promove

Strategic file

Merck – a world leader is increasing its presence in the region


Progress report

Merck’s development project in Corsier-sur-Vevey completed two important stages in 2019: validation of our planning and the granting of permission to build.  This success is the result of excellent collaboration between all stakeholders.  Under the guidance of the cantonal authorities, with the assistance of the intercommunal Technical Bureau, both cantonal land services (SDT) and economic services (SPEI), as well as the service for economic development and agents have worked together to meet the needs of the multinational.  Since 2016, Merck had been looking to develop its biotech production business and R&D near to its present site, but planning for alternatives in Europe.  Following a visit to different sites in our region, the management of Merck quickly confirmed its interest in plots adjacent to our current factory. 

Two LADE financing files have been handled by Promove, allowing the granting of CHF 258 000 of cantonal financing which will permit the establishment of the Land Use Plan and procedures with local landowners.  These actions resulted in the finalization of the project in 2019: Merck will invest CHF 270 million in the development of its new Biotech centre and will create 250 jobs in the region.   

Promove’s role:

  • LADE financing