A Newtown healthcare manufacturer is set to expand after receiving a seven-figure finance package to support its plans.

CellPath, which employs more than 100 people in making and supplying products and services to the global cellular pathology sector, is to extend its premises, creating a fourth warehouse at its headquarters.

The new 12,000 sq ft warehouse will see the capacity of the premises increase by 15 per cent, allowing the company to further expand its products and services into both the UK and international markets.

The family-owned company's plans have been backed by a seven-figure funding package from HSBC.

The extension will also see the opening of a new staff welfare facility including a canteen, cafeteria, recreation room and extra meeting rooms.

It will also give CellPath additional more for its tissue archiving service, CellNass, which provides remote archive management services for specimens and biopsy material for analysis, helping hospitals with limited resources to manage their specimen archives.

In 2016, HSBC UK funded the development of a 10,000 sq ft extension at CellPath’s current site, specifically to grow the consumables side of the business – which designs and manufactures products for use in the cellular pathology markets.

County Times: Paul Webber, joint managing director at Cellpath

Paul Webber

Joint managing director Paul Webber said: “We are delighted that construction has started safely during the pandemic due to the hard-working team of local specialists employed to deliver the project.

"With more space, we will be able to service more clients across the UK and overseas, ultimately meaning that more patients will be receiving better and quicker care.”

Jon Higginson, corporate relationship director for HSBC UK, added: “We have great confidence in CellPath’s growth plans and know this will help the team successfully increase capacity of the CellNass service and supply products to both the domestic and international markets in 2021 and beyond.”