An ambitious, multi-million pound scheme for the expansion of a major employer in the Newquay area has been approved for Convergence investment.
It is estimated that the scheme, for Pall Newquay, will cost just under £5 million with just over £1.4 million of that coming from Convergence. It will create about 60 jobs on top of the 270 already employed by Pall at its St Columb base.
Director and general manager Andrew Holland said: “The investment in Pall Newquay will facilitate groundbreaking technology platforms and position the site as a world leader in medical products, ensuring long-term viability for the business.
“The Convergence support was vital in securing the finance to achieve this fantastic opportunity.”
Pall Newquay is a subsidiary of the Pall Corporation, providing total fluid management products and systems for customers in biotechnology, pharmaceutical, transfusion medicine, energy, electronics, municipal and industrial water purification, aerospace, transportation and broader industrial markets.