If you’re a Welsh business with global ambitions, don’t just look to the Development Bank for finance - look to them for guidance. Their export expertise, connections, and practical support helped us grow confidently into new markets while keeping our roots in South Wales.
Dr. Paul Taylor, CEO and Founder, Laser Wire Solutions
The business
Founded by Dr. Paul Taylor in 2011, Laser Wire Solutions is a precision manufacturing company based at the QED Centre in South Wales.
The business designs and builds proprietary laser processing machinery for mission-critical applications in medical, aerospace, automotive, and data centre sectors. All equipment is designed and manufactured in-house, showcasing Welsh engineering excellence on a global stage.
The challenge
Laser Wire Solutions set out to serve the world’s most demanding industries - where precision, reliability, and compliance are non-negotiable. From catheters with wires thinner than human hair to aerospace components and data infrastructure, the company needed:
- Capital to develop proprietary technology
- Custom-built machinery for high-spec production
- Support navigating complex international regulations
Breaking into these regulated global markets required more than funding—it demanded a strategic partner who understood long-term industrial growth.
The solution
The Development Bank of Wales became that partner. Their investment enabled Laser Wire Solutions to:
- Scale manufacturing operations in South Wales
- Develop advanced laser processing technologies
- Build custom machinery tailored to global industry needs
Beyond finance, the Development Bank’s due diligence process helped attract co-investment and build trust with international customers. Through its network, the Development Bank also facilitated strategic connections and provided ongoing support for international market development.
The impact
Laser Wire Solutions has grown into a global operation with nearly 60 employees—most based in South Wales, with team members in the US, Mexico, and Costa Rica. From 2022 to 2024, turnover surged by 67%, reaching over £10 million.
Key growth highlights:
- £10M+ revenue (2024)
- 90%+ exports to USA, Mexico, and Costa Rica
- 67% revenue growth in two years
- 40,000 sq ft facility at the QED Centre
Innovation and support highlights:
- SMART Cymru grant funded a Scanning Electron Microscope for medical contracts
- Flexible Skills training grant (2023–2025)
- SFIS innovation funding (2024 onwards)
- Strategic partnerships with Schleuniger and Komax
Recognition:
- Multiple Fast Growth awards
- Financial Times’ Europe’s Fastest Growing Companies
- Queen’s Award recipient
- Shortlisted for the King’s Award for International Trade (2026)
What the founder says
If you’re a Welsh business with global ambitions, don’t just look to the Development Bank for finance - look to them for guidance. Their export expertise, connections, and practical support helped us grow confidently into new markets while keeping our roots in South Wales.
Dr. Paul Taylor, CEO and Founder, Laser Wire Solutions
Looking ahead
Laser Wire Solutions continues to innovate from its South Wales base, expanding its footprint in global markets while staying true to its Welsh roots. With ongoing support from the Development Bank of Wales, the company is well-positioned to lead in mission-critical manufacturing across multiple sectors.
