Scottish firm backed by investment fund to create new jobs
The money has been provided by the Investment Fund for Scotland, which is managed by Maven Capital Partners and the Scottish National Investment Bank.
Read more:
NCIMB's facility at the Wellhead Industrial Estate opened in 2023 and includes microbiology labs, cold storage and molecular suites. Chief executive Edward Green said the fresh investment will allow the company to meet growing demand and create new jobs.
"The funding is transformational for the business, allowing us to scale in the northeast of Scotland and better support our customer's needs in life sciences," he said.
"In addition, it allows us to deliver our long-term vision to deploy our unique microbial platform to deliver impactful biotechnology solutions addressing grand societal challenges including decarbonisation, climate change, food security and healthy living.'
The £150m Investment Fund for Scotland is designed to drive sustainable economic growth by supporting innovation and creating local opportunities for new and growing businesses. It does this by providing early-stage funding to firms that might not otherwise receive investment.
Businesses previously backed by the fund include the long-established Wilsons Pet Food, water treatment specialist Scotmas Group, and premium Indian ready meals business Praveen Kumar. The fund provides loans from £25,000 to £2m, and equity investment of up to £5m.
'NCIMB is globally recognised for its culture collection and for delivering high-quality microbiology services and is uniquely positioned to meet growing market demand for contract research organisations with deep domain expertise," said David Milroy, partner at Maven.
"This investment will allow the company to scale its commercial operations, expand its licensing business, and enhance its service offering to customers worldwide. We are delighted to join the team at this point in the company's journey and look forward to helping them further scale the business.'
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Glasgow Times
20 hours ago
- Glasgow Times
Glasgow restaurant marking third birthday with free food
Rickshaw & Co, in Partick Bridge Street, is marking three years of serving Indian and Bangladeshi food in Glasgow's west end by offering customers free and discounted food. Birthday celebrations for the popular eatery, previously crowned the Curry Kings of Glasgow at the Scottish Asian Curry Awards, are due to take place between June 16 to 19. Read more: 'Magical' fairy garden party taking place in Glasgow - here's when On the first day, from noon until 9.30pm, the first 50 customers will be able to enjoy a free sit-in meal, consisting of up to three items from the menu. For the remaining celebration, customers will receive discounts on their food bills, including 50% off on Monday and Tuesday, and 25% off on Wednesday and Thursday. The owners of the popular restaurant, known for its "bold, street-food-inspired flavours and warm hospitality", hope the celebrations will provide a chance for customers to experience the flavoursome food at a good price. Read more: 'Major' event to be held for the 'first time' at XSite Braehead in June Gulshan Soni, Co-founder of Rickshaw & Co, said: "Turning three is a big moment for us. "Whether you're a student, a tourist, or someone who lives round the corner - we want to thank everyone who's supported us. "Come in, grab a seat, and celebrate with us. "Community is what keeps us going."
Metro
a day ago
- Metro
Billionaire who played polo with Prince William dies 'after swallowing bee'
A billionaire businessman said to have played polo with Prince William has died after reportedly swallowing a bee during a match. Sunjay Kapur, 53, the Indian chairman of global car parts giant Sona Comstar, collapsed while playing in a polo tournament in the UK yesterday. Indian media reports suggest he was stung in the mouth while riding his horse, triggering an allergic reaction that led to a fatal heart attack. Mr Kapur, who studied business at a univeristy in London, regularly competed in polo events and frequently appeared in the spotlight in INdia while married to Bollywood star Karisma Kapoor. During divorce proceedings in 2016, Ms Kapoor said Mr Kapur had played polo with Prince William, suggesting he had prioritised his sporting ambitions over her. Mr Kapur is survived by two children from the marriage, his current wife, Priya Sachdev and their son, who is 7 or 8. The Doon School, the private boarding school Mr Kapur attended in India, paid tribute to Mr Kapur as a 'distinguished' alumnus. More Trending It said: 'Educated in India, the UK, and the US, he was a passionate entrepreneur and the first Indian Global Chairman of the Entrepreneurs' Organization. 'A passionate fitness and sport enthusiast and a learner for life, he worked to make polo more accessible beyond its traditional roots. 'Mr Kapur's enduring commitment to excellence, service, and community leaves a lasting legacy.' Get in touch with our news team by emailing us at webnews@ For more stories like this, check our news page. MORE: British family killed in Air India crash sent one final selfie to waiting relatives MORE: Passenger on Air India plane before it crashed shares video showing worrying defects MORE: Sole survivor reveals what happened in final seconds before Air India plane crashed
The National
2 days ago
- The National
Starmer's approach to global trade is clearly not ‘pragmatic' at all
The UK Government estimates that annual economic output will be a stunning 0.1% higher by 2040 than it would have been without the India trade deal. In contrast, the Office for Budget Responsibility (OBR) noted in Spring 2023 that Brexit's impact in the long run reduces our overall output by around 4% compared with what we would have had we remained in the EU. The amount gained by the 'landmark' India deal is therefore one-fortieth of the amount lost due to Brexit. READ MORE: UK-India post-Brexit free trade deal agreed after years of negotiation Prime Minister Starmer has described the Indian trade deal as a 'pragmatic' approach to global trade. Such an approach would, however, involve the UK Government restoring frictionless trade with the UK's largest trading partner, the European Union. If the UK Government were looking to deliver a 'pragmatic' approach on the economic front, Sir Keir would be looking to get the UK back into the European single market as soon as possible. This would be far more productive than trying to deliver trade deals with far-off countries and deliver immensely higher economic benefits than the paltry 0.1% generated by the India trade deal. Alex Orr Edinburgh THE world must be having laugh at Starmer as they did with Boris Johnson. Starmer considered he had done well to claim first prize with his Trump deal, being the first in the world to do so. Then along came Joseph Stiglitz, an American Nobel-prize-winning economist, on Laura Kuenssberg's Sunday show stating that Trump's method for changing his business bargaining tariffs is to choose the weakest first, then move on to the other countries, which is indeed what he did with the UK. READ MORE: Scottish care sector chief compares Keir Starmer to Enoch Powell in damning comments Stiglitz was a breath of fresh air in his interview, even stating that Scotland did things differently to Westminster especially where student fees are concerned. Starmer behaved like a school boy bringing an apple for his teacher when he presented Trump with an invitation for tea with King Charles. 'What a pushover', Trump must have thought, 'this guy is gonna be no trouble.' And so it was with Starmer claiming a success story with his 10% tariff in exchange for the 1.8% tariff on UK goods to America. Even more than before Brexit when we were part of the EU market. Alan Magnus-Bennett Fife STARMER'S Trump appeasement and grovelling is reaching the point where we're all reaching for the sick bag. Put aside the smarm-fest that was the 'royal' invitation. Put aside the bizarre trade deal, with oligarch-pal and yacht-botherer Peter Mandelson first lapping it up at Trump's left shoulder before looking like a puppet with cut strings when a real reporter (Scottish) pointed out it was all smoke and mirrors. Put aside all the UK's debasement. READ MORE: Police and fire brigade attend fire at Keir Starmer's house I ask again, when is enough going to be enough? Presidential adviser Stephen Miller, creep of creeps, has just announced a possible end to habeas corpus – the foundation stone of the most basic democracies. This follows the deportation of US citizens by ICE and Trump's befuddlement over whether or not he has to 'follow the constitution'. I just wait to see who Westminster will send along to represent Britain (England) at Trump's birthday military parade. Yes – the military parade for the draft dodger who has mocked veterans and banned transgender people from serving in the US military. Might I nominate Tony Blair as the perfect envoy to watch real heroes march by as slimeballs look down from a gold balcony? Amanda Baker Edinburgh I KNOW that modern journalists are generally illiterate about anything to do with religion these days but I would have thought that a journalist for The National would know a little more about the Scottish Catholic Church than shown in your article of May 9 on the election of Pope Leo XIV. The journalist quotes 'international development charity Cafod' about the Pope, obviously oblivious to the fact that this is the aid and development agency of the Catholic Church in England and Wales. Scotland's equivalent, Sciaf (Scottish Catholic International Aid Fund) is ignored, as is any source from the Scottish Catholic Church. READ MORE: Richard Murphy: Pope Leo can yield power stronger than political force The Vatican is the only state in the world which recognises Scotland as a separate entity from the rest of the UK. The then Pope Leo XXIII restored the Scottish hierarchy in 1878 and the current Scottish Bishops' Conference was born. The current pontiff has taken the name of Leo because he wants to acknowledge Leo XXIII's first modern Catholic Social Teaching encyclical, Reurum Novarum, which protected the rights of workers at the height of the industrial revolution – a sign that he will follow in the footsteps of Pope Francis. By the way, Sciaf, which transforms the lives of the poor, not making them comfortable in their poverty, is at the top of the recipients of funds for projects from the Scottish Government's overseas development fund (which would be much bigger had we been independent, of course). Please note for the future! Dr Duncan MacLaren KCSG Glasgow Former Director of SCIAF and former Secretary General of the Vatican-based Caritas Internationalis I HAD to laugh about the RBS bank notes article in last Monday's National. For the last two years, the ATM inside the Falkirk branch of the RBS only appears to dispense English bank notes (seven out of seven visits). All part of the anglicisation of Scotland, after the Tories changed the name of the parent company from RBS to the NatWest (National Westminster) Group in 2020? A Wilson Stirlingshire
