We share relevant third party stories on our website. This release was written and issued by Welsh Government.
A Cardiff-based company specialising in helping pharmaceutical companies bring new therapeutics to market is set to create 16 highly skilled new jobs thanks to Welsh Government support.
CatSci Ltd, based at Capital Business Park in Wentloog, currently employs 31 staff and will create the new roles as part of an ambitious 3 year expansion plan.
It follows a £125,800 Economy Futures Fund/Capital Investment and Employment Aid grant from the Welsh Government and a further £350,000 loan through the Development Bank of Wales.
As well as employing new staff, the company will also see an expansion of its laboratory facilities and improvements to their existing lab facilities as part of a major investment of £1.3 million.
Economy Minister Ken Skates said: “I’m pleased that thanks to our support CatSci Ltd will be creating these skilled jobs, which are paid well above the Welsh average, and allow the company to deliver its ambitious expansion plans.
It is important that we support Welsh businesses in every way we can and give them the tools to boost employment levels in skilled sectors.
CatSci is a major exporter of its services to the United States and, as we prepare to leave the European Union, it is more important than ever that industries look to build relationships with companies in countries around the world.”
CatSci is currently investing in 3 new laboratories:
- an OEB4 facility
- a compact large-scale laboratory, and
- a dedicated analytical laboratory to support drug substance development and testing.
The company aims to enable and advise on how new products may be brought to market and satisfy all legal, medical, ethical and health requirements.
It also scales up new processes to the point where they can be manufacture trialled on a larger scale and tested.
Dr Ross Burn, Chief Executive Officer at CatSci, said: “Welsh Government’s additional support will catalyse the rate of our expansion to meet the evolving needs of our customers. Recruiting an additional 16 members of staff and investing £1.3 million in facilities within the next 2 years will allow us to significantly increase our exports and puts CatSci in an exciting position to deliver further, long term growth.”