Latest News | 19 August 2021
Bank funding boosts engineering firm
A seven-figure funding package from NatWest has helped a Derby engineering consultancy create purpose-built office space and a research facility.
SCITEK Consultants specialises in the research and development of a range of engineering services for clients in the aerospace, defence, power generation and automotive sectors.
The funding from NatWest has been used to build the new offices and a factory research facility in Victory Road.
The new site increases the company's capacity and capabilities to handle larger engineering projects, as well as expand its in-house testing facilities.
Mark Jones, senior relationship manager at NatWest, said: “NatWest has worked with SCITEK over a number of years and, as a result, has established a strong relationship with the company.
“We have previously offered international trade facilities to SCITEK, to allow the business to undertake a number of export contracts.
“After seeing the positive impact these have had on the businesses' growth, NatWest was happy to support in the latest round of funding and we look forward to witnessing SCITEK's progression.”
