News

17th July 2020

Four Health Boards in Wales Fail to Meet their Financial Duty

Four of the seven health boards in Wales once again failed to meet their financial duty to break-even over a three-year period, according to their 2019-20 accounts.   Across NHS Wales, the total in-year deficit fell from £96 million in 2018-19 to £89 million. The three-year cumulative over-spend across the NHS reduced from £411 million to…

17th July 2020

NHS Wales Health Boards’ £470m Debt Written-off

Health Minister, Vaughan Gething, has written-off the £470m owed by NHS organisations in Wales so they can focus on recovering from the COVID-19 pandemic. Since 2014 the Welsh Government has provided strategic cash support of £470m for historic debt and this will now not have to be repaid. Mr Gething said: It is now six…

16th July 2020

USW to Offer Welsh-Language Employability Modules to Students

From this September, the University of South Wales (USW) will be the first higher education institution to run a pilot project offering bespoke Welsh-language employability modules to business and creative undergraduate students at all levels. The new project, funded by the Coleg Cymraeg Cenedlaethol, offers the 5-credit Welsh-medium employability provision to USW students, with the…

16th July 2020

What is Private Equity? The Pros and Cons – Advice from Greenaway Scott

Private equity has become more popular in the past few years and has been utilised by many companies to fulfil their plans for growth. Private equity consists of funds and investments directed to private companies by an investor, who in return will receive part ownership or an interest in the company.  When offering investments to…

16th July 2020

Development Bank of Wales Completes Successful Exit from Pwinty

The Development Bank of Wales has confirmed it’s exit from Pwinty, the Cardiff-based API platform that specializes in international print fulfilment. Pwinty was established in 2016 by Tom Gallard with an equity investment of £120,000 from the Development Bank of Wales. As an API platform specializing in international print fulfilment, Pwinty developed a global network…

14th July 2020

The Hopes and Fears of Business Owners in Wales

A survey of business owners in Wales, commissioned by wealth management company Brewin Dolphin, has turned up some interesting statistics on how business owners in the region view their business, their wealth and their future. The Brewin Dolphin Wales Business Owner Survey, which was undertaken by the company’s Wales office, ascertained business owners thoughts on…

14th July 2020

Welsh Medtech Firm Awarded £200,000 Welsh and UK Government Grants

Leading Welsh medtech firm Bond Digital Health has received more than £200,000 in government grants to help it develop its connectivity and data platform for a new Covid-19 test. The Cardiff-based company was awarded two major grants in the space of a month for its innovative Transform technology – £177,979 from the Welsh Government and…

14th July 2020

MedTech helps meet demand from healthcare sector

Medical technology specialist Signum Health, which was founded by an Insider Rising Star, has won six contracts to supply its digital services since the beginning of 2020. Demand for digital diagnostics and social prescribing services by healthcare providers has significantly increased since the Covid-19 pandemic, as the NHS looks at alternative ways of caring for…

14th July 2020

Creo Medical Technology Helping Fight COVID-19

Medical device pioneer Creo Medical has outlined how it will prioritise developing pioneering technology that meets the urgent needs created by Covid-19, including sterilisation of PPE and medical equipment. The business has welcomed Welsh Secretary Simon Hart to its site where he heard how Creo will use the £2m Cardiff Capital Region investment to develop…

14th July 2020

UK-wide research to look at impact of Covid-19 on early cancer diagnosis

Professor Kate Brain Researchers at Cardiff University have launched a UK-wide project to investigate the impact of the Covid-19 pandemic on diagnosis of cancer. The initial message to “stay home, protect the NHS, save lives” and the suspension of cancer screening programmes sent a strong message that “cancer can wait”, said the researchers. The 18-month…