News > Financial

09th July 2020

Experienced Technology Investor Joins Development Bank of Wales Team

The Development Bank of Wales has further expanded its technology investments team with a new hire. Colin Batten has over 14 years’ experience working with technology businesses, at both start-up and Series A and Series B funding stages. He will be based out of the Development Bank’s Cardiff office. As a former director of internet…

07th July 2020

New Funding Support Announced for Universities in Wales

Thousands of highly skilled researchers, scientists and technicians working at UK universities will receive greater job protection thanks to two significant support packages announced by UK Government. From this Autumn, research-intensive universities across Wales and the rest of the UK that have been impacted by the coronavirus pandemic will be able to access a series…

07th July 2020

Jellagen Secures £1.9m Seed Funding

Jellagen announces seed financing to develop advanced collagen products for therapeutic and medical device applications. Jellagen, a leader in advanced collagen biomaterials from marine sources, announces the closing of a £1.9m seed equity round to pursue development of products for therapeutic and medical device applications.  The round, which was 75% funded by international investors, will…

07th July 2020

Cardiff Capital Region Awards £2m Loan to Creo Medical to Develop Anti-Covid Technology

Cardiff Capital Region (CCR) has advanced a £2 million loan to Creo Medical to develop its Cool Plasma technology which could provide a valuable weapon in the fight against Covid-19. Chepstow-based medical company, Creo Medical has developed its Cool Plasma technology, which has been shown to be highly effective in killing bacteria, with a 99.99%…

02nd July 2020

Development loan for plasma sterilising product

Creo Medical Group plc (AIM: CREO), the medical device company focused on the emerging field of surgical endoscopy, announces that the Group has secured a £2m loan from the Cardiff Capital Region ("CCR") to develop Creo's Cool Plasma technology as a
26th June 2020

Record Year For Development Bank Of Wales

Development Bank of Wales chief executive Giles Thorley The Development Bank of Wales has reported a record number of investments in its latest financial year, totalling more than £100m and creating or safeguarding almost 4,000 jobs. In the year to 31 March 2020 the development bank made 457 investments worth a combined £103.3m. Overall investment…

25th June 2020

Jellagen announces £1.9m seed financing to develop products for therapeutic and medical device applications

Jellagen announces seed financing to develop advanced collagen products for therapeutic and medical device applications.
25th June 2020

Quay Pharma Knowledge Transfer Partnership (KTP) announcement

Quay Pharma (Deeside, UK) and Liverpool John Moores University (LJMU – Liverpool, UK) are delighted to announce that their Knowledge Transfer Partnership (KTP) funding application has been granted by Innovate UK and will be funded entirely by the Wel
16th June 2020

Cardiff-based Pelican Healthcare Hits Manufacturing High Despite Covid-19

Pelican Healthcare Ltd, one of the UK’s leading manufacturers of disposable stoma products in the UK and Ireland healthcare markets, has achieved record levels of manufacturing during the Covid-19 pandemic, despite having to recruit and train half its production workforce due to the virus.  For the first two weeks of the pandemic, approximately 50 per…

16th June 2020

Positive NHS health economics data: Savings of nearly £5,000 per procedure using Speedboat

Creo Medical Group plc (AIM: CREO), the medical device company focused on the emerging field of surgical endoscopy, announces that initial data from the UK’s leading user of the Company’s Speedboat device demonstrates that the use of Speedboat can sa