Dai Hayward, CEO of award-winning Micropore Technologies, and Sarah Thorpe of investor UK Steel Enterprise with the company’s latest multi tonne membrane emulsification manufacturing system.
Micropore Technologies has become the 7000th business to secure an investment from UK Steel Enterprise. The £100,000 block of new funding is the second investment from UK Steel Enterprise and will enable Micropore to ‘complete the jigsaw’ of taking its unique membrane emulsification process through from laboratory to full scale manufacture.
In 2016 a £270,000 investment package that included £110,000 from UK Steel Enterprise supported the company at a vital time as it scaled up its leading-edge technology and expanded its portfolio of blue-chip clients.
UK Steel Enterprise, the Tata Steel business-support subsidiary, has now supported 7000 UK businesses in its steel areas, including Tees Valley, with £94m of investment, creating 77,500 jobs. UKSE also provides office and workshop space for 2,500 businesses and has given £10m to support community groups and projects.
Sarah Thorpe, UKSE’s Area Manager, said: “Micropore Technologies is a highly innovative company with a very experienced management team. I am delighted that we were able to help for a second time and that UKSE’s 7000th milestone figure has involved a Teesside business.”
The first investment from UK Steel Enterprise came at a vital time for Micropore. This second tranche will help us to exploit the considerable potential of our existing markets in the UK and USA as well as expanding into new markets such as South Korea where we recently made our first sale