News

After a round of pitching, three winners were announced by the Duke of York after being selected by the judges including Pitch @Palace Alumni, and after considering the audience votes. Pitch @Palace was founded by the Duke of York in 2014 as a platform to amplify and accelerate the work of entrepreneurs across the UK. The programme connects entrepreneurs and early-stage businesses with potential supporters, including CEOs, influencers, investors, mentors and business partners. Of the...

In May, GlobalWelsh announced a new initiative via its GlobalWelsh Academy. Meet the Makers – Sponsored by Pelican Products invited innovative and ambitious business leaders in Wales to participate in a funded masterclass with a worldwide design and manufacturing business, headquartered in Los Angeles, California. The unique programme was made possible thanks to a partnership between GlobalWelsh and Pelican Products, Inc. – the global leader in the design and manufacture of high-performance protective cases, temperature-controlled...

Where the plastics industry is concerned, here there is challenge, there is innovation. This is certainly the case for Bedwas, South Wales-based Colour Tone Masterbatch. If the barrier to the widescale adoption of NIR detectable masterbatches for black plastic packaging has historically been price related, then the firm's announcement of its breakthrough in new colourants at some 60 per cent less than the original quoted costs is an exciting one. Colour Tone Masterbatch currently employs...

A MID-WALES preserve business, founded in a remote cottage without electricity, has been honoured as one of the Top 10 Artisan Food Producers in Olive Magazine. The maker of the world’s best marmalade in an international competition has also received plaudits from the top of the food and drink industry and signed a new agreement with the UK’s most exclusive online supermarket. Founded and run by Joanna Morgan, Radnor Preserves is now based in Caersws...

Bond Digital Health, which develops software and other technology to support health providers, practitioners and patients, has received a private equity investment of £200,000 in addition to a £68,583 grant from Innovate UK. The £200,000 equity investment, which was advised by Severn Seed Finance, is part of a planned £1million funding round for 2018 and will be used to support the growth of the business, including creating new jobs. The grant, awarded as part of...

The Development Bank of Wales has chosen Jane-Wallace Jones, to appear in one of their recent marketing campaigns. Jane’s company Something Different Wholesale, an importer and wholesaler of gifts, based in Swansea, has received a mix of finance, marketing, business-scaling and data-management support on the Accelerated Growth Programme. The Development Bank provides flexible finance for businesses based in Wales from £1,000 up to £5 million. You can find further information on Business Wales Accelerated Growth...

Pan Stone Europe is on track to achieve a turnover of £3million this year, with over 70 per cent of the company’s turnover achieved through export sales in Ireland and Europe. Selected for support by Business Wales’ Accelerated Growth Programme (AGP), the family business says it has set its sights on breaking the £6 million revenue mark by 2021. The Wrexham-based company distributes injection and compression molding machines for the processing of rubber, silicone and...

The Temporary Kitchen Company, who manufacture temporary kitchens and bathrooms, have been awarded with the Queen’s Award for Enterprise: Innovation, in a huge boost for the company. The company, which is based in Deeside, supply a noble service in that they provide a host of unique and innovative temporary kitchens and bathrooms, which allow people to remain in their own homes should a flood or fire happen, while the company also covers renovation and refurbishment...

The Business Wales Accelerated Growth Programme is pleased to announce it has now passed the milestone of 3000 jobs created, including 13 companies that have generated more than 50 jobs each. In addition, the Programme has helped businesses to raise £104m in investment funding and generate £59m of exports. Further information on the Business Wales Accelerated Growth Programme.

An app designed to revive, adapt and diversify high streets across the country has secured more than £200,000 investment. NearMeNow has secured an equity co-investment led by the Development Bank of Wales, who invested £150,000, with a further £60,000 obtained from private investors. The funding will support the Caerphilly-based start-up in developing a pilot of its fully bilingual app, which aims to digitalise the high street. The app is the brainchild of former risk analyst...