UKSE has confirmed a new leadership team to drive forward the business in Scotland.
Scott Webb has been promoted to area manager for Scotland and Terry Quinn, a new hire, has been appointed as regional executive.
The TATA Steel subsidiary provides loan and equity finance of up to £1m to growing businesses.
With a background in business finance, including roles at Clydesdale Bank, North Ayrshire Council and the West of Scotland Loan Fund, Scott Webb joined UKSE almost eight years ago.
As regional manager, he will be responsible for UKSE’s investments and property management in Scotland.
Among the Scottish companies UKSE has invested in recently are leading biotech specialists, Antibody Analytics; Ayrshire double-glazing manufacturers, Scotia and Motherwell-based IT business, VectorCloud.
UKSE also operates six business and innovation centres across the UK, including Grovewood Business Centre, which offers high quality workspace in Strathclyde Business Park.
Scott will be supported by Terry Quinn, who was previously economic development specialist at West Lothian Council. Prior to this he spent almost 10 years at Clydesdale Bank where his roles included corporate finance director.
Scott said: “These are very uncertain times, but Terry and I look forward to speaking to ambitious businesses about their growth plans as recovery from the pandemic gets underway. With decades of experience in supporting businesses, UKSE is well positioned to help Scottish companies with an eye on expansion.”
The new team was formed after Anne Clyde, who was formerly regional manager, retired after more than 20 years of service to the organisation.
Simon Hamilton, UKSE managing director, added: “We’d like to thank Anne Clyde for her contribution to UKSE’s successful record of investment in Scotland.
“We have a strong new leadership team in Scott and Terry, who are highly experienced in business finance and supporting growth businesses.”