News > Financial

20th October 2020

Wales’ Most Promising Scientists Awarded £3.5M Funding

Pioneering researchers in Wales will benefit from a £3.5 million cash boost to convert their innovative ideas to transformational products and services. Tackling some of the world’s greatest challenges, including climate change and terminal disease, one hundred of the UK’s up and coming scientists and researchers will receive a share of over £109 million to…

20th October 2020

UKRI invests £109 million in future leaders

One hundred and one research and innovation leaders of the future have received significant government support to tackle major challenges ranging from cancer treatment to space travel and reducing harmful vehicle emissions. Science Minister Amanda Solloway will today, 15 October 2020, announce the latest next wave of individuals to receive Future Leaders Fellowships through UK Research…

16th October 2020

St Joseph’s Hospital Transformed with £4m Investment

A market leading scanner has been unveiled at St Joseph’s Hospital as part of a £1.3m project – the latest stage in a £4m overhaul, which began in February 2020. The new MAGNETOM Sola 1.5T MRI from Siemens Healthineers is the only one of its kind in an independent hospital within a 100-mile radius of Newport. The…

05th October 2020

EKF Diagnostics set for record month

Cardiff-headquartered EKF Diagnostics is on track for a record month thanks to growth from its core business and continued demand for Covid-19 sample collection kits. The company said that a significantly improved performance in the core business based on October orders, together for the PrimeStore MTM Covid-19 sample collection device, meant revenues and profits were…

01st October 2020

£140m of New Support for Welsh Businesses

The Welsh Government is making an additional £140m available to businesses to help them deal with the economic challenges of Covid-19 and the UK’s impending exit from the EU. The funding from the third phase of the Welsh Government’s Economic Resilience Fund (ERF) will see wider support being provided to secure jobs and help businesses…

22nd September 2020

£20m AgorIP Project Investment to Boost Innovation in Wales

The AgorIP Project which has helped the Welsh economy and innovation in west Wales to prosper over the last four years, has been extended to benefit all of Wales, with a total investment of more than £20m. AgorIP brings academics, clinicians and businesses together to pioneer research into cutting-edge technologies and drive commercial success with…

17th September 2020

Welsh Hospital Upgrade Cost Over £60m More than Approved

Complex £171 million programme of asbestos removal and refurbishment at Ysbyty Glan Clwyd was completed successfully only a few months later than planned. An Audit Wales report sets out the key factors contributing to the significant increase in project costs. Following two asbestos-related incidents in 2010, the need for action to strip asbestos from Ysbyty…

15th September 2020

One Day Left to Invest in Healthcare Pioneer Rescape Innovation

Cardiff based medical technology business Rescape Innovation is entering its last day on Crowdcube and already raised almost £450k of equity capital to help the company expand its proven use of virtual reality in the treatment of NHS patients and helping frontline staff. Rescape listed on Crowdcube at a pre-money valuation of £3.1m and follows…

18th August 2020

£1.475m to Power Community Energy Project in Pembrokeshire

The Development Bank of Wales has confirmed a capital loan of £1.475 million for Community Energy Pembrokeshire (CEP), the developers of the Prouts Park Wind Turbine. With a community share offer now open for registration, It is expected that the Prouts Park Wind Turbine project will generate 900kw of renewable energy. The community project was…

18th August 2020

£6m Funding for Welsh Scientists to Advance Solar Technologies

The grant brings together three world-renowned research groups from Swansea University, Imperial College London and Oxford University to advance organic and perovskite solar cells into applications that current solar technologies are not suitable for. These next-generation photovoltaics show great promise: their performance competes with current technology, but they have the advantages of being flexible, lightweight,…