Glenrothes-based mechanical engineering business, CREO Engineering has set up in business with funding support from Business Loans Scotland (BLS), a consortium of Scotland’s Local Authorities, set up to manage loan funds from £25,000 to £100,000 for new and growing Scottish SMEs.
CREO Engineering offers design, manufacturing, repair and overhaul service for pumps and mechanical equipment. Established in April, the contracts are coming in, and thanks to a loan from BLS, the business has the financial security to research and develop the manufacturing of its own products, as well as grow the business into new sectors, including renewables, oil and gas and food and drink.
Business Gateway Fife supported CREO Engineering’s application to BLS, as well as securing Digital Boost funding for the website.
Iain Bickett, Director of CREO Engineering, said:
“The help and assistance from our Business Gateway Fife adviser and Business Loans Scotland has been instrumental in giving us financial backing to start our business. The ongoing assistance will also help the development of the business, target new markets and towards the design and manufacture of our own products.”