Aberdeen survey and inspection firm takes off with funding boost

By An Aberdeen- based business that provides hi- tech surveying and inspection services for the likes of the construction, rail and energy sectors has received a funding boost.

Innovair was founded in 2015 and is said to have experienced “si gnificant growth” si nce then. The firm is now eyeing Europe, the Middle East and North America as key target areas for expansion.

The f i r m’s t eam of chartered surveyors, inspection engineers, aeronautical and mechanical engineers utilise state- of- the- art robotic technology and drones which can operate in increasingly complex and challenging environments.

The firm has been approved for a loan through the Scottish Growth Fund, which will help support its growth plans.

BE Group Debt Fi nance Scotland is providing Innovai r with a business l oan which will allow the company to invest in new technology, bring more resource into the business and bolster its marketing efforts.

Stuar t Lawson, solutions director at I nnovair, s ai d: “This loan is going to help us implement innovative robotic solutions, invest in marketing and generally take our business to the next stage.

“We were impressed by the straightforward application process and the quick turnaround by the BE Group Debt Finance Scotland team. There is not a lot of funding as accessible and well supported as this on the market and it really makes a difference for small companies like ours.”

BE Group Debt Finance Scotland manages a £ 12 million loan fund under the Scottish Growth Scheme, part funded by the European Regional Development Fund ( ERDF), which aims to invest in and encourage the growth plans of Scottish SMES ( small and medium- sized enterprises).

Thomas Brock, fund director for BE Group Debt Finance Scotland, said: “The opportunity to support the growth of an industry pioneer like Innovair is quite special for us.

“The aim of the loan fund is to assist ambitious and innovative SMES in Scotland that have struggled to get suitable growth funding elsewhere. This is precisely what we were able to do with Innovair.

“We believe that they have a great future ahead of them and are excited to be part of their journey.”

T h e l o a n s r a n g e f r o m £ 25,000 to £ 100,000 and can be used for a range of purposes including capital investment, exports, innovation and product development.

The team has a background in helping SMES as well as “extensive networks” across the business community.