Scotmas Group receive £665,000 funding package
05 Feb 2018
SCOTMAS Group, a Kelso-based manufacturer of insect repellent and water disinfection products, plans to pursue further international expansion and increase its workforce after securing a £665,000 funding package.
Managing director Alistair Cameron flagged global interest in new water treatment products developed by Scotmas with university partners. The firm plans to extend its reach into Asia and in South America this year.
The funding package sees Scotmas become the first company in the Borders to secure finance from Business Loans Scotland, a new local authority-backed scheme. This was secured with the help of Business Gateway. TMr Cameron also highlighted support from banking giant HSBC.
Business Gateway noted the family firm employs 42 local people and has a further 10 staff in offices in Chile, Turkey, Portugal and Saudi Arabia. It said Scotmas had grown from a home-based business into a major employer in the Kelso area, “with this latest move expected to help create a further 12 local jobs in 2018”.
The funding, Business Gateway noted, would help Scotmas buy its new 27,000 sq ft premises in Pinnaclehill Industrial Estate in Kelso, and purchase upgraded equipment.
Business Gateway noted Scotmas chairman Derek Cameron had, after spending years working throughout Africa, spotted a gap in the market for a “new and effective biocide, chlorine dioxide, that could protect food supplies from bacterial spoilage arising from heat and hygiene issues”.
It added that Scotmas had, over the past 20 years, “helped protect countless people and environments from dangerous bacteria and contamination across Europe, the Middle East, and southern Africa”.
he package includes a £97,000 Regional Selective Assistance grant from Scottish Enterprise.