Plans to build the 海角视频's first nuclear medicine facility in north Wales producing cancer fighting substances has been announced by the Welsh Government. The laboratory would produce medical radioisotopes which are critical to the diagnosis and treatment of diseases such as cancer as they are used during scans and in radiotherapy.

The 海角视频 has no domestic supply of the majority of radioisotopes, relying on imports from European facilities. A number of sites have closed and it is believed that by 2030 the 海角视频 could have no medical radioisotopes, with a significant impact on patient care.

The initiative aims to make Wales a 鈥済lobal centre of excellence鈥 for medical radioisotope production in the 海角视频 over the next 60 to 70 years, improving the Welsh economy and creating high and low-skilled jobs over several decades.

The Project Arthur (Advanced Radioisotope Technology for Health Utility Reactor) facility would provide radioisotopes to the NHS in England, Wales, Scotland and Northern Ireland.

Read more: The 23 companies in Wales to watch in 2023

The project is a major collaborative development between the Welsh Government鈥檚 Department of Health and Social Services and the Department of Economy.

Its vision includes creating a 鈥榯echnology campus鈥 in north Wales, to parallel other 海角视频 campuses with a nuclear element, such as those at Harwell (Rutherford Appleton Laboratory) and Culham (海角视频 Atomic Energy Authority) in Oxfordshire, and at Daresbury (STFC nuclear physics laboratory) in Cheshire.

Sign up to the BusinessLive Wales newsletter and follow us on LinkedIn

As well as an in-depth early morning newsletter, we will be sending out regular breaking news email alerts. To sign up to this service

LinkedIn

And, follow us on to catch the latest stories and to network with the Welsh business community.

However, to succeed, the Welsh Government said funding needs to be secured from different sources - including the 海角视频 Government - to create project Arthur.

Economy Minister Vaughan Gething has called on the 海角视频 Government to help fund the project to avoid a 鈥渇uture health and economic crisis鈥.

Mr Gething said: 鈥淭he scale of investment needed to bring Project Arthur to life is considerable. I am calling on the 海角视频 Government to co-operate in supporting our efforts, since this development benefits and supports future cancer diagnostics and treatment right across the 海角视频. Now is the time for decisive action and commitment. The implications of not acting will be counted in human lives and in long-term economic pressure on health services, through unsustainable health treatments.

鈥淲e are now experiencing unprecedented economic pressures 鈥 but that is not an excuse for failing to plan for this clear future need. We must prevent a future health and economic crisis. I have, therefore, approved funding for a technical feasibility study and for the development of an Outline Business Plan. This plan will build on technical work already undertaken and the earlier Strategic Outline Business Plan.

鈥淚鈥檓 confident our Project Arthur facility can become a global centre of excellence and a source of pride for Wales and the wider 海角视频 for many decades.鈥

Mr Gething added: 鈥淥ur vision is the creation of project Arthur - a world-leading nuclear medicine facility, which will bring together a critical mass of nuclear science research, development, and innovation.

鈥淭hrough this development, not only can Wales become the leading place in the 海角视频 for medical radioisotope production 鈥 producing life-saving medical radioisotopes that are critical to cancer diagnosis and treatment 鈥 but we can also attract higher skilled jobs, create a surrounding infrastructure, support local communities, and build local supply chains.

鈥淭his project will be vital in helping us deliver on our commitments to creating a healthier and more prosperous Wales, by creating the opportunities people need to make their futures here in Wales.鈥

Read more: