Success Story
| Region/Nation | Scotland |
|---|---|
| Programme | Enterprise Finance Guarantee |
Makar Technologies is an electronic design manufacturing and service support company based in Forres near Inverness.
Established in 2015, Makar Technologies specialises in intelligent robotics and electronic motor control systems for the aerospace, mobility, industrial and consumer market sectors.
In September 2017, while still relatively new, the business needed additional financial support to expand and secured £50,000 through British Business Bank Enterprise Finance Guarantee partner DSL Business Finance.
The new finance enabled the company to grow rapidly, doubling its number of staff by winning a number of multinational original equipment manufacturer contracts to support its growing client base.
Securing the funding gave our business the early boost it needed to give us a foothold in the high technology sector. The result has been exceptional growth since 2017. - David King Managing Director and founder of Makar Technologies
Quick links
More success stories
Read a success story about Salesfire
Salesfire – a Middlesbrough company whose platform helps e-commerce stores to increase sales - has raised a further £2.75m from NPIF II – Mercia Equity Finance, which is managed by Mercia Ventures as part of the Northern Powerhouse Investment Fund II (NPIF II).
Read a success story about Claro Hill Vets
A North Yorkshire-based veterinary practice has secured £90,000 from NPIF II – BEF, which is managed by Business Enterprise Fund (BEF) as part of the Northern Powerhouse Investment Fund II (NPIF II). The funding also came from BEF’s Community Investment Enterprise Fund 2 (CIEF2) backed by Lloyds Bank and Better Society Capital.
Read a success story about Panacea Children Services
The North West’s leading provider of specialised therapeutic services for children has received a significant six figure investment to increase its number of homes in the North West to eleven as part of a three year strategic growth plan.