29th April 2019

Pharmaceutical consultancy to expand with Welsh Government support

A Cardiff-based business which advises pharmaceutical companies on how new products may be brought to market is to expand after receiving Welsh Government support.

CatSci, based at Capital Business Park in Wentloog, currently employs 31 staff and will create 16 new roles as part of a three year expansion plan.

It follows a £125,800 Economy Futures Fund and Capital Investment and Employment Aid grant from the Welsh Government and a further £175,000 loan through the Development Bank of Wales.

As well as employing new staff, the company will also expand and improve its laboratory as part of a £1.3m investment.

Dr Ross Burn, chief executive at CatSci, said: “Welsh Government’s additional support will catalyse the rate of our expansion to meet the evolving needs of our customers. Recruiting an additional 16 members of staff and investing £1.3 million in facilities within the next two years will allow us to significantly increase our exports and puts CatSci in an exciting position to deliver further, long term growth.

Economy minister Ken Skates said: “I’m pleased that thanks to our support CatSci Ltd will be creating these skilled jobs, which are paid well above the Welsh average, and allow the company to deliver its ambitious expansion plans.

“It is important that we support Welsh businesses in every way we can and give them the tools to boost employment levels in skilled sectors.

“CatSci is a major exporter of its services to the United States and, as we prepare to leave the European Union, it is more important than ever that industries look to build relationships with companies in countries around the world.”