Investment supports glove maker's move
Leanvation, a maker of surgical gloves, is to open a new headquarters in North Wales after securing a six-figure equity investment from Finance Wales.
The company recently gained a place on the multi-million pound NHS Supply Chain Framework, meaning its products are now available to NHS trusts throughout the UK for the first time.
Finance Wales' investment will enable it to open new headquarters in Broughton as well as funding trials with more NHS trusts, establishing its infrastructure and building up the stocks it will need to fulfil customer orders.
Leanvation, which is currently based in St Helens, Lancashire, was named as a Merseyside Innovation Awards (MIA) monthly winner in February 2015.
Managing director Jonathan Day said: "These are exciting times for Leanvation as we now have a proven product that's gaining traction in our key markets. We're delighted to have become an approved supplier to the NHS as we're a small company and it's a big vote of confidence in both our products and our innovative approach.
"We'll be building on this success from our new Welsh headquarters as we commence trials with more NHS trusts. Finance Wales' investment will enable Leanvation to focus on innovation while stepping up production. We can also build up our stocks and target international growth markets."
MC Vanguard acted as corporate finance advisors to Leanvation with Gateley providing legal advice.