A busy 2019 saw Tata Steel’s business-support arm hit the milestone of £100m invested into businesses in the UK’s steel areas. Now the team is preparing for an equally busy 2020 – and with new branding in place.
UKSE, previously known as UK Steel Enterprise, has strong foundations thanks to 44 years spent helping businesses to grow, create valuable jobs and compete in global markets.
UKSE’s investments are tailor-made loan and equity packages that fit individual businesses and their specific needs. They can support management buyouts, expansions, the need for new premises, staff and equipment or a move into new market sectors.
Teesside companies supported by UKSE include:
• Covol Engineering, Billingham – a £200,000 equity and loan investment formed part of a package that helped the business grow to meet demand for its engineering skills on international projects.
• Micropore Technologies – the award-winning company based at Redcar developed its unique membrane emulsification process with the help of three investments from UKSE and now has a growing presence in the UK, USA and India.
UKSE rarely needs personal guarantees. With equity finance of up to £1m, businesses retain control but have advice at hand and exits are flexible. Loans on affordable terms include unsecured funding of up to £100,000 at fixed interest rates.
Sarah Thorpe, UKSE’s area manager in the north, said: “We have long-term relationships with many of our businesses. UKSE not only brings a unique finance package to each one but is also there as a strategic partner with a non-controlling stake in the business. We act as a sounding board and provide independent advice.”
If you are looking for investment, call Sarah Thorpe on 01642 777888 or visit ukse.co.uk.