Economy Secretary Ken Skates was in Chepstow to formally open a new facility at growing local company, Creo Medical, which has recently taken on 22 new members of staff.
The medical device company specialises in the emerging field of surgical endoscopy, which aids minimally invasive surgery by applying microwave and radio wave energy.
In 2016 Creo Medical received a £2m investment from the Welsh Government supported Finance Wales – now the Development Bank of Wales which helped it to secure a £20m investment, facilitating the creation of 22 high quality, well paid jobs. In addition the company has received investment advice from the Welsh Government’s Business Wales Accelerated Growth Programme, part funded by European Regional Development fund, to support this investment.
Creo Medical has also received support from Welsh Government through a £3m equity investment from Finance Wales which secured the relocation of its head office from Bath to Chepstow and has provided crucial investment to aid the company’s expansion. Read the full story on Business News Wales.
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