News

29th April 2020

£500 Million of Support Reaches Welsh Businesses

Half a billion pounds of relief grants has reached 41,000 small businesses in Wales in the space of just a few weeks. Ministers Ken Skates and Rebecca Evans have congratulated local authorities throughout Wales for their hard work to swiftly process grant payments, ensuring small businesses receive speedy help to deal with the impact of…

29th April 2020

Development Bank Updates On COVID-19 Loan Scheme Progress

Almost 600 businesses across Wales have been awarded funding totalling £36m by the Development Bank of Wales since the Covid-19 Wales Business Loan Scheme was launched. The £36m approved to date includes 533 loans of less than £100,000 and 222 of which are less than £25,000. With more than 80 per cent of applications processed…

29th April 2020

EKF Diagnostics signs deal to supply sample collection device

EKF Diagnostics has struck a deal with Source BioScience to supply a patented sample device to be used in the growing Covid-19 testing service.
28th April 2020

Swansea University helping fight coronavirus by getting ambulances back on the road in rapid time

Students from the university are helping slash the time it takes to clean an ambulance from 45 minutes to under 20 minutes.
23rd April 2020

Ricardo helps Isansys scale up production of its life-saving innovation in healthcare

With a surge of UK and international orders for its advanced patient monitoring system in the face of the Covid-19 pandemic, Isansys Lifecare is collaborating with Ricardo to scale up production as quickly as possible whilst also building longer-term capacity.  Isansys has developed the Patient Status Engine (PSE), an innovative patient monitoring system which uses…

23rd April 2020

Swansea University Lab Producing 5,000 Litres of Hand Sanitiser a Week

A solar tech lab at Swansea University has temporarily switched to producing 5000 litres of hand sanitiser a week, to help the NHS fight the Covid-19 outbreak. The sanitiser, which meets the standard set by the World Health Organization, is already in use in the local NHS. The team is made up of over 30 volunteers from three different Swansea University Colleges and Schools whose mission is to support Wales’ NHS heroes whilst…

23rd April 2020

Welsh Government Releases Additional £100m Business Support

The latest phase of the Welsh Government’s Economic Resilience Fund has benefited from the release of a further £100million from ministers within 72 hours of launch, due to a massive demand. More than 6,000 grant applications from small and medium sized businesses and social enterprises were received within 24 hours of the launch on Friday…

23rd April 2020

New £1.25bn Support Fund Open to Welsh Businesses Driving Innovation

Welsh businesses driving innovation and development will be helped through the coronavirus outbreak with a £1.25 billion UK Government support package, the Chancellor has announced this morning. Rishi Sunak said the targeted and tailored help would ensure firms in some of the most dynamic sectors of the UK economy – ranging from tech to life…

23rd April 2020

Wales’ Leading Role in ‘Antibody Transfusion’ Treatment for Coronavirus

Wales is playing a leading role in the UK programme for treating coronavirus patients using a blood donation extract taken from people who have recovered from COVID19 – ‘convalescent plasma’. Non COVID19  plasma has been used daily in NHS Wales for a variety of needs for many years. COVID19convalescent plasma will help patients develop immunity…

23rd April 2020

UK Government Launches Vaccine Taskforce to Combat Coronavirus

Rapid development and production of a coronavirus vaccine will be driven by a new UK Government-led vaccine taskforce. The Taskforce, led by Chief Scientific Adviser Sir Patrick Vallance and Deputy Chief Medical Officer Professor Jonathan van Tam, will support efforts to rapidly develop a coronavirus vaccine as soon as possible by providing industry and research…