Steel group support grows
Bio firm funding sees UKSE hit £100 million milestone
Andrew Baron of Antibody Analytics with Scott Webb and Simon Hamilton of UKSE
A six-figure deal with Scottish biopharmaceutical firm, Antibody Analytics has marked a key milestone for business growth supporter UK Steel Enterprise (UKSE).
The agency, which was founded over 40 years ago and works in traditional steel-working areas, has now provided more than £100 million of financial support to aspiring businesses across the UK.
UKSE managing director Simon Hamilton said: “This is a fantastic time for UKSE. We work hard to support companies across the UK and we are truly proud to have reached the £100 million milestone.
“The steel industry has experienced significant change over the years, but UKSE has supported the entrepreneurial spirit that exists up and down the country and helped many worthwhile companies to grow and create new jobs.
“UKSE’s achievements are a testament to how management and unions can work together constructively to regenerate steel communities and drive new growth.”
UKSE was established in 1975 by the then British Steel Corporation to encourage economic regeneration and job creation in traditional steel communities by providing support, finance and premises to growing businesses. To date it has supported 5,500 businesses across the UK including 1,500 in Scotland, creating almost 77,000 jobs.
Among the Scottish companies that have received funding are Ayrshire-based Scotia Double Glazing and furniture manufacturer, Aquapac, based in Cumbernauld.
Antibody Analytics is a contract-testing organisation offering services to global pharmaceutical companies developing new medicines to treat cancer and other diseases. The funding from UKSE will allow the Motherwell-based firm to expand into new innovative scientific areas, including drug testing in cell therapy and immuno-oncology.
Andy Upsall, managing director at Antibody Analytics, said: “Without the help from UKSE, we wouldn’t be able to expand so quickly.”