News > Financial

28th May 2020

£150,000 Competition for Covid-19 Digital Solutions

Welsh Government have announced a new funding competition for digital solutions to help fight Covid-19. The competition is being supported by Digital Health Ecosystem Wales and funding is available for between five and eight projects to rapidly pilot products and solutions. How the competition works The competition is open to any UK business who has a digital…

26th May 2020

Fundraising unveiled by Midatech

Midatech Pharma, a drug delivery technology company with an R&D base in Wales, has outlined plans to raise funds in the UK and US.

21st May 2020

£40m Boost for Cutting-Edge Welsh Start-ups

Innovative businesses and start-ups across Wales are set to benefit from a £40 million UK Government investment to drive forward new technological advances. UK Business Secretary Alok Sharma has announced the UK Government is doubling investment in the Fast Start Competition with an additional £20 million. Among the successful businesses to receive the funding to…

21st May 2020

£500m Future Fund Opens for Applications Today

The government’s £500 million Future Fund opens for applications today with innovative and high-growth Welsh businesses able to secure investment to help them through the Coronavirus outbreak. UK-based companies can now apply for a convertible loan of between £125,000 and £5 million, to support continued growth and innovation in sectors as diverse as technology, life…

21st May 2020

Scientists Come Up with Innovative Way to Raise Vital Funds for Cancer Research

Leading cancer researchers from across Wales are set to take on a series of mammoth challenges to raise money for charities impacted by the coronavirus crisis. Led by Dr Alan Parker and his colleagues at Cardiff University, the ‘baton4cancer’ initiative will see Dr Parker and his team attempt to run 1,000 miles in May before…

21st May 2020

EKF shares climb after positive update

Shares climbed by more than 10 per cent at EKF Diagnostic Holdings after the business revealed it looked set to outstrip expectations. The point-of-care business announced a further increase in expected orders for the PrimeStore MTM sample collection devices which is being used in the fight against Covid-19. EKF contract manufactures the collection kits on…

12th May 2020

Fresh £5m funding announced for primary and emergency care research in Wales

The Welsh Government is to invest £4.85m over the next five years on research into primary and emergency care in Wales. The funding, through Health and Care Research Wales, will support large-scale, international quality research at Prime Centre Wales, an all-Wales Centre co-led by Cardiff, Bangor and Swansea universities and the University of South Wales….

05th May 2020

MedTech firm secures equity funding for development of COVID-19 test

A Cardiff-based MedTech company has secured £700,000 in equity funding to develop the digital element of a new test to support the fight against Covid-19. Bond Digital Health is part of an international consortium that is producing a diagnostic test for patients suspected of having Covid-19. The consortium was set up by Canadian company Sona…

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…