Loan funding sees export growth for North Lanarkshire business
13 Sep 2018
A business loan has helped a local business to take its innovative products to wider markets.
Clearwater Controls Ltd in Cumbernauld secured £100,000 from Business Loans Scotland (BLS), administered by the council’s Enterprise Team, as part of a larger funding package totalling £250,000.
The company has developed the ‘DERAGGER®’ anti-ragging device that monitors, detects and automatically alleviates blockages in waste water pumps. The product has been used in Scotland for a number of years and has now begun to penetrate the US market. Pilot projects are underway around the UK, with further projects due to start in the US and Australia in the near future.
Simon Crompton, Managing Director of Clearwater Controls Ltd, said:
“The DERAGGER is the only intelligent product of its kind available in the market, providing real-time detection of wet-wipe type obstructions.
“We know the impact our technology can have on the waste water sector, in terms of reducing cost, improving staff safety and reducing energy consumption and other environmental incidents. Business growth has been good in the past year, but this investment from Business Loans Scotland and North Lanarkshire Council is crucial in enabling us to scale the company and grow sales in the UK, USA and Australia.”
Clearwater Controls Ltd employs eight staff in Scotland and shares 40,000 sq ft industrial premises at Axis Park in Westfield, Cumbernauld with sister company ID Systems UK Ltd. ID Systems are a specialist telemetry provider to Scottish Water, providing offsite manufacture, fabrication and component assembly services. Both companies relocated to Cumbernauld from Grangemouth last year, bringing over 200 jobs to the area.
“We are pleased to be supporting innovative and ambitious companies like Clearwater through Business Loans Scotland funding,” said Councillor Olivia Carson, Vice Convener of the Enterprise and Housing Committee.
“The loan funding will contribute to the future growth of the company, creating new jobs and increasing export sales.
“Clearwater is one of a number of companies, particularly in the engineering and technology sector, choosing to locate in North Lanarkshire which is a very encouraging trend. With the range of support available to businesses through our Enterprise Team, North Lanarkshire offers an increasingly attractive package to companies.”
The DERAGGER technology helps utility companies to minimise down-time, reduce energy costs and has the capability to detect wear on pump bearings and other components through power curve monitoring.
Blocked or partially ragged water pumps are a significant problem in the UK and globally. There are around 181,000 waste water pumps in the UK alone, and blockages are estimated to cost utility companies in the region of £100m annually. It’s estimated that pumps also account for around 10% of the world’s total electrical energy consumption.