Funding to Support Growth At Healthcare Manufacturer
A Welsh healthcare manufacturer has secured a seven-figure funding package to develop an extension of its premises and support its growth plans in both the UK and International markets.
CellPath, based in Newtown, is a manufacturer and supplier of consumables, equipment and services to the global cellular pathology sector. The family-run business has received funding from HSBC UK to develop a 12,000 sq ft extension of its premises, creating a fourth warehouse at its headquarters.
Alongside additional warehouse space, the extension of premises will involve the opening of a new staff welfare facility including a canteen, modern cafeteria area, recreation room plus additional meeting room facilities for the business’ 100 plus employees.
The extension will give CellPath additional capacity for its tissue archiving service, CellNass, which provides remote archive management services for specimens and biopsy material for analysis, helping hospitals with limited resources to manage their specimen archives.
In 2016, HSBC UK funded the development of a 10,000 sq ft extension at CellPath’s current site.
Paul Webber, joint managing director at CellPath, said: “With more space, we will be able to service more clients across the UK and overseas, ultimately meaning that more patients will be receiving better and quicker care.”
Jon Higginson, corporate relationship director for HSBC UK, added: “We have great confidence in CellPath’s growth plans and know this will help the team successfully increase capacity of the CellNass service and supply products to both the domestic and International markets in 2021 and beyond.”