Scot Young secures £1.5m for expansion
Lye-based cleaning product manufacturer Scot Young Research has secured a £1.5m finance package from NatWest Business and Commercial Banking. It is now set to move to new premises in a bid to expand its business.
The company, which employs 150 staff, is expanding into a newly renovated freehold warehouse and manufacturing premises in Dudley Road, Lye.
The 96,000 sq ft property is set to be used to help the business expand its production, assembly and customer base.
Dave Deo, company secretary of Scot Young Research, said: "At SYR we pride ourselves on inventing, innovating, manufacturing and assembling cleaning equipment and materials, ensuring our customers always have the very latest and best products on the market.
"This dedication has meant we have grown our customer base even during these challenging times, and have needed to find a bigger work space. We are very excited about the expansion into new premises and for the business benefits it will bring for both us and our customers."
