Bioscience firm NCIMB secures £1.7m for expansion – Daily Business

NCIMB, an Aberdeen-based microbiology services provider, has secured new funding to strengthen its business development and marketing functions.

The £1.7m investment is from the Investment Fund for Scotland, managed by Maven Capital Partners, and the Scottish National Investment Bank.

The Maven team were first introduced to NCIMB at an IFS Roadshow in Aberdeen, hosted by the British Business Bank.

NCIMB is the owner of the UK’s largest industrial, food and marine bacterial culture collection. It provides microbial identification, testing and safe storage services and supplies bacterial stains from its globally recognised collection for commercial and academic use.

The business services customers operating in a number of industries, including pharmaceuticals, biotechnology, food & drink, energy, and environmental sectors, from its state-of-the-art laboratory facility in Aberdeen.  

Edward Green, chief executive, said: “The funding is transformational for the business, allowing us to scale in the Northeast of Scotland and better support our customer’s needs in life sciences.”