PowerPhotonic, a designer and manufacturer of micro-optics for the laser industry, is primed for a new phase of growth after receiving almost £1m in funding.

A £750,000 package with Clydesdale Bank’s Growth Finance Team will enable the Dalgety Bay-based business establish a new operating facility, which will lead to the creation of 16 jobs over the next three years.

The company has also won a regional selective assistance grant of £245,000 from Scottish Enterprise.