Corsham-based Medical Wire & Equipment, a manufacturer of medical devices, has secured a £1.45m finance package from Barclays to assist the NHS with Covid-19 testing.

The company is a market leader in the production of transport swabs and general laboratory consumables.  It produces in excess of 100m medical devices per annum servicing customers across a domestic and global market.

The new funding will support the firm with the purchase of specialised machinery to increase its production of virus transport swabs in addition to boosting the firm’s working capital and foreign exchange capabilities.  In addition, the company anticipates recruiting 30 new staff to its existing team of 90 employees to help meet the unprecedented level of demand for its products.