THE Business Growth Fund (BGF) has completed its first deal in Scotland, almost 18 months after a group of banks created it.
Established following complaints that lenders were failing to support small and medium sized enterprises, the fund has invested £7.8 million in STATS Group, an Aberdeenshire-based pipeline specialist.
STATS has developed tools that are used to maintain the integrity of pipelines that carry oil and gas and other commodities. These include a plug that can be used to allow firms to work on sections of pipelines without shutting the whole system down.
Please enable cookies in your browser to display the rest of this article.