News > Financial

28th July 2020

Funding awarded to develop new COVID-19 T cell immunity test

Cardiff-based Indoor Biotechnologies Ltd has been awarded funding from Innovate UK to develop a new type of test for COVID-19. Identifying people who have already been infected with the virus and become immune could have huge benefits for enabling society to safely return to normality. However, since the symptoms of COVID-19 can vary from person…

28th July 2020

Fundraising At Midatech Pharma

Midatech Pharma, a drug delivery technology company focused on improving the bio-delivery and biodistribution of medicines, has raised £5m by way of a placing to investors in the UK. The proceeds, net of fees and expenses, are expected to be approximately £4.6m and will be used to advance Cardiff-based Midatech’s internal pipeline of Q-Sphera products…

24th July 2020

Firm expands with deal supported by Development Bank

Ethikos Group chief executive Scott Davis A Deeside-based acquirer of engineering businesses, which aims to change the perception of the sector in order to attract the engineers of tomorrow, has completed the purchase of electrical and mechanical engineering company Gilks in a deal part-funded by a seven-figure loan from the Development Bank of Wales. Ethikos…

24th July 2020

2.8% Pay Increase for Doctors and Dentists in Wales

Health Minister Vaughan Gething has announced a 2.8% pay uplift for doctors and dentists in Wales. The increase is in line with the recommendations of the 48th Report of the Doctors and Dentists Review Body (DDRB) which was laid before Parliament this week. Mr Gething said: I am pleased to announce that I will accept…

24th July 2020

£1.2 Billion in Additional Funding for Wales

The Welsh Government will receive a minimum of £1.2 billion in additional funding this year, on top of £2.8 billion confirmed since March, to help provide support following the coronavirus pandemic, the UK government has announced. The unprecedented upfront guarantee – which will take the total amount of coronavirus funding guaranteed to the Welsh Government…

17th July 2020

Four Health Boards in Wales Fail to Meet their Financial Duty

Four of the seven health boards in Wales once again failed to meet their financial duty to break-even over a three-year period, according to their 2019-20 accounts.   Across NHS Wales, the total in-year deficit fell from £96 million in 2018-19 to £89 million. The three-year cumulative over-spend across the NHS reduced from £411 million to…

17th July 2020

NHS Wales Health Boards’ £470m Debt Written-off

Health Minister, Vaughan Gething, has written-off the £470m owed by NHS organisations in Wales so they can focus on recovering from the COVID-19 pandemic. Since 2014 the Welsh Government has provided strategic cash support of £470m for historic debt and this will now not have to be repaid. Mr Gething said: It is now six…

16th July 2020

Development Bank of Wales Completes Successful Exit from Pwinty

The Development Bank of Wales has confirmed it’s exit from Pwinty, the Cardiff-based API platform that specializes in international print fulfilment. Pwinty was established in 2016 by Tom Gallard with an equity investment of £120,000 from the Development Bank of Wales. As an API platform specializing in international print fulfilment, Pwinty developed a global network…

14th July 2020

Welsh Medtech Firm Awarded £200,000 Welsh and UK Government Grants

Leading Welsh medtech firm Bond Digital Health has received more than £200,000 in government grants to help it develop its connectivity and data platform for a new Covid-19 test. The Cardiff-based company was awarded two major grants in the space of a month for its innovative Transform technology – £177,979 from the Welsh Government and…

14th July 2020

Bond Digital Health Awarded £200,000 Welsh and UK Government Grants

Leading Welsh medtech firm Bond Digital Health has received more than £200,000 in government grants to help it develop its connectivity and data platform for a new Covid-19 test.