On the back of its biggest investment to date involving Viscose Closures, Finance Wales has continued with its 2012 investment programme.
Finance Wales has provided £100,000 of investment for SCS Group as the energy management business looks to expand operations.
Wales-headquartered SCS Group provides building management, smoke control and ventilation systems for projects including the London 2012 Olympics Velodrome.
Allan Meek, managing director at SCS Group, comments, ‘The construction industry has changed enormously in the last 30 years, particularly when it comes to energy efficiency legislation.
‘In this time we’ve expanded throughout the UK, diversified and developed our expertise.’
Meek says that it plans to use the investment from Finance Wales to scale-up its operations and collaborate with new suppliers to ‘drive down costs’.
According to SCS Group, ‘green’ legislation, energy cost inflation and an increased focus on energy efficiency have all increased demand for its products in recent years.
Sam Macalister-Smith, investment executive at Finance Wales, adds, ‘SCS Group is a well-established business with an impressive client base throughout the UK.
‘Continued expansion is now pivotal if the company is to take advantage of the growing market opportunities on offer, including some larger clients.’
Away from its contribution to the 2012 Olympic site, SCS Group’s recent installations include the University of Sussex, Westfield Shopping Centre and the Crossharbour development at London’s Canary Wharf.
Finance Wales, established in 2001, provides commercial funding to small and medium-sized businesses. It has now invested £218 million through 2,700 investments and manages funds of £335 million.