Monmouthshire-based Creo Medical Limited is expanding and
creating 85 well-paid jobs over three years, thanks to a £708,000
investment from the Welsh Government, Economy Minister has announced.
The high-technology medical device company specialises in the
emerging field of surgical endoscopy, which aids minimally
invasive surgery by applying microwave and radio wave energy.
The Chepstow-based company is set to build a new research and
development (R&D) manufacturing centre on its current site.
It will use the Welsh Government’s Economy Futures Fund
investment to invest in expanding its premises and in
state-of-the-art manufacturing equipment.
Innovating new medical technologies for the benefit of patients
is a key part of the Welsh Government’s new Innovation Strategy,
which was launched in February 2023.
Economy Minister, said:
“We are committed to supporting businesses like Creo Medical to
innovate with cutting-edge technology, which will support
improved healthcare while also boosting our economy.
“Creo Medical is a well-established company and an important
employer in the south-east of Wales. I am delighted our support
will help them to grow even further and create so many new
high-skilled jobs.
“Our aim is to build a fairer, greener, and more prosperous
Wales. Our support for Creo Medical is a further demonstration of
that. It will provide a vital boost to the local economy.”
Craig Gulliford, CEO of Creo Medical said:
“This is an exciting time for Creo Medical as we ramp up the
manufacturing and commercialisation of multiple products,
facilitating the treatment of more and more patients across the
world through our pioneering technology.
“This Welsh Government funding will support that continued growth
and ensure that we are able to build a team at our expanded
headquarters and manufacturing base in Chepstow that will further
cement Creo Medical and Wales’ place as global medtech leaders.”
