News > Financial

21st January 2021

Development Bank Loan Boosts Offshore Crew Transfer Firm

Andy Page – Chartwell Marine, Tom Nevin – CEO High Speed Transfers, Alun Thomas – Development Bank of Wales, Ben Coleman – Diverse Marine, Ian Oxford – COO High Speed Transfers High Speed Transfers, a Gorseinon-based offshore crew transfer specialist , has moved closer to its zero emission ambition after securing a £2.28m loan from…

21st January 2021

57,000 Firms In Wales Benefited from UK Government Backed Loans

Businesses in Wales benefited from more than £2 billion of UK government-backed loans to protect and support jobs. More than 55,000 loans worth more than £1.5 billion have been offered under the Bounce Back Loans Scheme More than 2,200 loans worth £503 million have been offered under the Coronavirus Business Interruption Loan Scheme 97,000 people…

21st January 2021

Health Tech Firm Secures Further Development Bank Funding

l-r: Gervase Fay, co-founder of Heath & Her with Sarah Smith of the Development Bank of Wales and Kate Bache, co-founder and CEO of Heath & Her A Cardiff-based female health specialist has secured a six-figure follow-on investment from the Development Bank of Wales. Founded in 2017, Health & Her is a holistic menopause hub…

13th January 2021

Equity funding injection wins deal of the month

A funding injection secured by a rapidly growing Welsh medical technology specialist has been named as Deal of the Month.
06th January 2021

Funding boost for community eyecare study

A new project set up to study the best way to care for patients with long-standing eye conditions in the community has secured a major research grant. Dr Pippa Anderson and Dr Mari Jones, of Swansea University’s Centre for Health Economics (SCHE), are part of a multidisciplinary team which has just been awarded a substantial…

01st January 2021

Development Bank of Wales and Creo Medical Co-Invest

The Development Bank of Wales is co-investing with corporate investor Creo Medical Group plc alongside other funders as part of a £1.5 million equity round into IQ Endoscopes Ltd. The investment will support the rapid product development of the IQ platform – a range of single use flexible endoscopes which provides images of the full…

09th December 2020

£3 million investment into the impact of COVID-19 on Welsh health and social care

Health and Care Research Wales will create the first Wales COVID-19 Evidence Centre on behalf of Welsh Government to analyse the impact of coronavirus and use research-based evidence to address new challenges as a result of the global pandemic. The dedicated team at the new Evidence Centre will work closely with leaders in Welsh Government,…

09th December 2020

Welsh Medtech Firm Raises £1.2 Million

Fast-growing Welsh medtech firm Bond Digital Health has received a further £1.2 million in equity funding to cap a hugely successful year. The Cardiff-based company received £1 million from Wealth Club, the high-net-worth investment service, and £200,000 from the Development Bank of Wales. The money will fund further business growth, product development and expansion into…

01st December 2020

Revenue And Patient Growth At Rutherford Despite COVID Impact

Cancer care group Rutherford Health has reported an increase in interim revenues and growth in overall patient numbers despite the impact of Covid 19 on cancer patients and healthcare in general. In the six months to 31 August 2020 revenue at the business rose up 43 per cent to £3.575m compared to the first half…

25th November 2020

Development Bank Invest £137 Million in Welsh Firms

£137 million has been invested in Welsh companies by the Development Bank of Wales during the period from April to September 2020, according to figures published by the Welsh investment company today 23 November 2020 In an extraordinary six months, a total of £137 million has been invested in some 1500 companies with the Covid-19…