North Wales-based virtual production studio Vedri, founded in October 2025 by motion designer Daniel Parry Evans, is to expand into a new permanent site in Bangor after securing a £15,000 Start Up Loan from the British Business Bank.

Following an initial launch at a shared workspace in Gwynedd, Parry Evans will move the business to a new permanent site in Bangor in the coming months. The new studio will be four times the size of the current space.

Parry Evans said: “Virtual production is already widely used in places like London and LA, but there was nothing like it available at this level in North Wales. I knew there was an opportunity to bring that technology here and make it more accessible for local businesses and creators.

“The response so far has been incredible. Securing a larger space so early on is a big step, but it means we can build something that really grows with demand and puts North Wales on the map for this kind of production.”

Vedri works with a range of clients, from smaller businesses and start-ups to production companies and content creators. 

The business has already supported projects including a Christmas programme for S4C and is developing a growing pipeline of work across broadcast, corporate and digital content. One key area of focus is podcast production.

Vedri has a long-term ambition to establish multiple studios in underrepresented regions across the UK.

Jessica Phillips-Harris, Director for Wales at the British Business Bank, said: “Vedri exemplifies how an innovative entrepreneur like Daniel can introduce new opportunities within a local economy that has not previously operated in this sector.

“Through the Start Up Loans programme, we’re proud to support entrepreneurs across Wales as they work to evolve ambitious ideas into tangible realities and build businesses that can grow, create jobs and strengthen their communities.”

The British Business Bank’s Start Up Loans programme provides government-backed loans of up to £25,000 per individual, alongside free mentoring and support for new business owners across the UK.