News

01st April 2020

Development Bank Launches £100m Covid-19 Wales Business Loan Scheme

The Development Bank of Wales have launched a £100 million fund to support businesses in Wales affected by the Covid-19 outbreak. Business News Wales MD Mark Powney spoke with Giles Thorley, Chief Executive of the Development Bank, about the launch of this new fund. Limited companies, partnerships and sole traders trading for longer than two…

01st April 2020

£20M of Support for Cardiff Businesses Distributed In Four Days

Support worth £20m has been distributed to Cardiff businesses in grant aid in the past four days as part of a council Covid-19 rescue package. Some 1,300 companies applied for the aid, which is being administered by the council in Cardiff on behalf of Welsh Government. It follows Welsh Government’s announcement last week of a…

01st April 2020

Restructure Underway At Midatech Pharma

Cardiff-based Midatech Pharma is implementing a strategic review of its operations, with the biotechnology company appointing a new chief executive and outlining plans to close a Spanish facility. The business, which is focused on oncology and rare disease products, said the review was required in view of prevailing conditions in the capital markets and the…

01st April 2020

Life Sciences Hub Bringing Businesses Together To Tackle Virus

Life Sciences Hub Wales is starting a nationwide drive to bring companies together and combat Covid-19. Having already received interest from hundreds of businesses and professionals, the group is hoping to accelerate the development of urgently needed products and treatments including ventilators, hand sanitisers and protective equipment. The organisation, which facilitates collaborations between NHS Wales,…

31st March 2020

Additional £500m Fund Announced to Support More Welsh Firms

The Welsh Government has announced a new £500m fund to provide extra support to the Welsh economy, businesses and charities experiencing a sharp drop in trading as a result of the coronavirus pandemic. Business News Wales spoke to the Economy Minister Ken Skates about the new fund, asking when and where can business access this…

30th March 2020

Students get set to support frontline NHS colleagues during virus crisis

Midwifery and paramedic students from Swansea University will be lending their support to frontline NHS colleagues in the fight to against the coronavirus pandemic. The entire third year of the University’s midwifery degree will be assisting qualified midwives as they look after women and their families at maternity units in health boards across south Wales….

30th March 2020

European Commission draws up plans to postpone MDR implementation

The European Commission has announced its intention to postpone the implementation of the new Medical Device Regulation (MDR) following the Coronavirus outbreak. The new regulation was due to come into force on 26th May this year but in light of the pandemic, and calls from trade bodies, the Commission has confirmed it is working on a…

30th March 2020

Automated Coronavirus symptom checker to go live

Inhealthcare has developed an automated symptom checker for the daily screening of thousands of people for signs of coronavirus before their routine outpatient appointments.  The system goes live this week. City Health Care Partnership (CHCP) receives around 1,000 patients every weekday at its clinics and typically arranges another 1,000 nurse visits in community settings. The…

30th March 2020

Dyson ventilators: MHRA and NHS clinicians involved throughout process

The new CoVent ventilator designed by Dyson and TTP had outside experts from Medicines and Healthcare products Regulatory Agency (MHRA) and the NHS involved throughout the design process. The UK government has placed an order for 10,000 ventilators from the company following its appeal to industry to manufacture more essential equipment in anticipation of a surge…

30th March 2020

Students step in to offer childcare to vital health workers

A group of Swansea University students have come up with a practical way of helping NHS staff during the coronavirus pandemic. The Graduate Entry Medicine (GEM) students have stepped in to offer emergency relief childcare to Swansea health workers. Medical student Abigail Lyndon founded the Swansea GEM Relief Childcare scheme which sees medical and physician…