SCOTTISH start-up, QuickBlock, has received more than £250,000 in seed funding that will create four skilled jobs and accelerate growth of the company’s unique rapid-assembly building blocks made from 100% recycled plastic into new markets.
The investment from Equity Gap and Scottish Enterprise comes as the company sets its sights on global market opportunities within agriculture, humanitarian aid and disaster relief.
It will help create a variety of permanent new roles, including securing the long-term appointment of it’s interim chie executive officer, Andrew Vincent. Other new positions include head of sales, sales executive and graduate-level marketing and product designer.
Commenting on the funding, chairman Tom Thomson said: ”Our investors’ commitment validates and supports our ambition to make QuickBlock one of Scotland’s major business successes. We are now recruiting for a further three new members of staff and ramping up output as the product gains appeal in diverse markets.”
QuickBlock is a finalist at this year’s Scottish EDGE. The competition aims to identify and support Scotland’s up-and-coming, innovative, high-growth entrepreneurial talent.
Mr Vincent said: “We have an innovative, sustainable, market ready product and, despite a challenging year with COVID-19, we’ve gained traction across a number of sectors.
“This investment will allow us to respond to this growing demand, build our sales team and scale-up at pace over the next year.
“Longer term, we have a bold and ambitious vision to enable people all over the world to build a greener future with QuickBlock.”
