UKSE funds 120 new jobs at Scottish engineering services firm
Engineering services company, ID Systems Ltd has received a six-figure investment from UK Steel Enterprise (UKSE) to fund an expansion which will create 120 new jobs.
ID Systems provide engineering services to the industrial and commercial utilities sector across the UK from its offices in Grangemouth and Glasgow, with clients including the Scottish Water, Forestry Commission, National Grid and Edinburgh City Council.
The company has recently been awarded a number of new long-term frameworks which have become key components for sustainable growth. These projects involve the off-site manufacture of wastewater pumping stations and water booster sets.
On the back of these developments, ID Systems will be looking to create 120 new jobs in the Glasgow & Lanarkshire areas, a 150 per cent increase from the current 80 to 200.
The loan and equity backing from UKSE, the Tata Steel subsidiary set up to assist growing companies in traditional steel areas, will help fund ID System’s growth strategy, supporting an increase in workforce and the creation of a new senior management team to further strengthen the business and who, like UKSE, will also have a shareholding in the company.
Stuart Devine, finance director at ID Systems, said: “We had a tremendous opportunity to more than double the workforce with the recent contract win and this funding from UKSE will allow us to make that happen as smoothly as possible.
“It’s an exciting time for the company, and we’re grateful to UKSE for the investment.”
Scott Webb, regional executive for UK Steel Enterprise, said: “This long-standing, growing business will now have the structure to continue expansion along with the necessary funding from UKSE to allow this to happen.
“ID Systems is an ambitious company, with a good record of customer satisfaction. This is an exciting stage in the company’s growth and we look forward to seeing them deliver.”