ISO 9001 & UKAS Registered, Electron Beam Services in the United Kingdom ISO 9001 & UKAS Registered, Electron Beam Services in the United Kingdom

16/01/18
Electron beam services are essential for high precision engineering, and the UK sector just got a boost.

Glasgow-based Walker Precision Engineering has just received a £4million boost in the form of an investment from the Business Growth Fund.

This money will be used to fund an expansion in its machine capacity by developing a new purpose build facility in Basildon, and doubling the capacity at its Poland premises.

The business, which has premises in Glasgow, Basildon and Poland, says that it needs to expand in order to fulfil the recent rise in demand that has been brought about by the growing space market in Scotland. We reported on this last month.

Managing director Mark Walker, who founded the business in 1979 with his brother said: "Now is the right time to bring on board a minority investor.

"BGF's funding will help us pursue new opportunities in the market faster than we would otherwise have been able to do, without losing control of the business."

The company has already been involved in the Galileo global navigation satellite system and is forging close links with the International Space Agency.

BGF is backed by Barclays, HSBC, RBS and Standard Chartered which provide growth capital to small and mid-sized businesses for a minority stake.

Scotland now builds more satellites than any other country, and employs over 7,000 people in the space sector alone.

The space sector is set to grow significantly in coming years, and many are excited about the emerging role Scotland will play in that. Hopefully this latest grant will go some way to cementing its place on the global map.