Stream Marine Training Ltd receive £100,000 funding
03 Sep 2018
Renfrewshire based Stream Marine Training is a world class provider of fire-fighting, sea survival, survival craft and HSE training to the global maritime, oil and gas, renewables and construction industries.
Their training courses cover a variety of areas including health and safety, firefighting, fire prevention, security awareness, and personal survival techniques to name a few.
Having recently moved into their state of the art 18,000 sq. ft training facility at Glasgow Airport, the loan granted by Business Loans Scotland will be used to further develop their classroom facilities and range of courses.
With a plan to increase the number of courses from 40 to 55-60 over the next 12 months, this investment will allow the company to make necessary renovations within the training centre that will help support these additional courses and enable the building to be utilised to its full capacity.
In doing this, it will allow the company to grow their market and additionally employ more instructors.
Speaking of the loan awarded, CEO of Stream Marine Training, Martin White said:
Stream Marine Training is proud to be working with Renfrewshire Council’s Economic Development team, who have been supportive of us since we started in 2014. This much needed investment will enable us to capture market opportunities and growth with new courses and assets being rolled out across the business. Traditional methods of investment are not always available to support business and it’s great to see such a proactive team within my local authority keen to support the business’s ambitious growth plans.
Fund Manager of Business Loans Scotland, Andrew Dickson added:
“Access to capital remains a major hurdle to many small and medium sized businesses which are looking to start up and grow. Often, our funding can make the difference between a business struggling or flourishing and that in turn will have a positive impact on employment, profitability and making communities stronger.”