AIM-listed healthcare firm Concepta is set to launch a new manufacturing base in Doncaster.
Backed by Finance Yorkshire, the business has signed a 10 year lease on the site at Bullrush Grove Business Park where it will employ eight full-time members of staff.
The newly built 6,000 sq. ft. premises will be used to make lateral flow test strips for the firmâs MyLotus product for unexplained infertility.
The product will be launched later in the year in China later before being made available in the UK and Europe next year.
Before being listed on AIM, Concepta received a total investment of £2.3 million from Finance Yorkshireâs Seedcorn Fund along with Diagnostic Capital and the Angel Co Fund.
Finance Yorkshire Chief Executive, Alex McWhirter, commented: Conceptaâs strong growth to date demonstrates Finance Yorkshireâs successful track record for investing in early stage innovative technology companies.
Our investment has proved pivotal in enabling Concepta to realise the potential of its products to the point now where it is enjoying expansion in the Yorkshire region.
CEO of Concepta, Erik Henau, said: We are pleased to have signed the lease on this excellent location for our UK manufacturing operations.
Concepta has a commitment to Yorkshire through one of the earliest backers of our business: Finance Yorkshire. The securing of this new facility is essential to our companyâs continued growth.
Concepta was founded three years ago and makes products targeted at the personalised mobile health market with a primary focus on womenâs fertility and specifically unexplained infertility.
The new Doncaster site already has office space fitted and the business is now establishing its manufacturing, warehousing and quality control areas.
The premises will be fully operational by early next year and has the capacity for further expansion.