22/Jul/2014 - Last News Update: 15:57

Funding boost for sub sea firm ROVOP

Category: Scotland

Published: 9th Aug 2012 00:06:01

Aberdeen-based sub sea firm ROVOP has secured funding of up to £8m to help the business grow and expand overseas.

The firm specialises in the supply of remotely operated vehicles (ROVs) for the offshore oil and gas and renewable industries.

ROVOP plans to hire a manager for international business development opportunities.

The funding package has come from a number of sources including Scottish Enterprise and the Scottish Loan Fund.

Steven Gray, managing director of ROVOP, said the financial package was an endorsement of the company's growth plans.

He added: "This investment allows us to support clients with new equipment at a time when they are demanding the responsive and reliable service that our team can provide.

"The focus on international markets is a vital step for us."

Source:
BBC News External Link Show Citation

Latest News

Harvard Citation

BBC News, 2012. Funding boost for sub sea firm ROVOP [Online] (Updated 9th Aug 2012)
Available at: http://www.ukwirednews.com/news/1445253/Funding-boost-for-sub-sea-firm-ROVOP [Accessed 22nd Jul 2014]

News In Other Categories

  • Bristol Academy extends reach overseas with first foreign students

    With the doors to its brand new £1million training centre officially open, one of the UK's leading apprentice training providers, Bristol based S&B Automotive Academy, is showcasing its world-class facilities by launching a series of foreign student exchanges for the first time in its 41-year history. To get a flavour of what life is like as an apprentice in the UK, the Academy hosted 16 apprentice engineers and bus drivers from the G9 Automotive College in Hamburg, Germany, as part of a Europe-wide vocational training initiative called the ‘Leonardo Programme’ with support from the European Social Fund. In a reciprocal arrangement, S&B will be sending nine apprentices to Germany during February 2012 so that they can get an appreciation of life in the automotive industry on the Continent. A further three German exchange groups are being planned for next year. Designed to assist the development of vocational skills and training across Europe, including work placements for trainees, the Leonardo Programme has a budget of €1.75bn, which is helping to encourage UK organisations to work with their counterparts abroad. In what is expected to be another challenging year for employers in the UK automotive sector, S&B’s Chief Executive, Jon Winter, claims that the exchange initiative will bring many benefits to the Academy and its apprentices: “In a world of global automotive brands, it’s important for our learners to understand the international context of the industry they have chosen to make their career. This new exchange programme will enable apprentices and Academy staff alike to achieve a better understanding of the challenges and opportunities within the automotive arena in Europe. With the Academy’s influence also extending to the USA and Asia, there’s every possibility that this initiative could move further afield in the future.” Continued Winter: “The need for skilled technicians across the world is on the increase and we actively encourage our apprentices to look at broader horizons during their training. Many of them have already learned the phrase ‘Vorsprung durch Gelehrtheit’, quite simply, ‘Advancement through learning.” In the 2010/11 academic year, S&B doubled the number of successful Apprenticeships over the previous year with some 350 apprentices graduating from the Academy. At the same time, achievement levels reached an all-time high with an overall success rate of 85%. For those learners on the Advanced Apprenticeship three-year programme, success rates were even higher, at over 98%. PHOTO CAPTION: As part of their exchange visit, S&B Automotive Academy arranged for the German apprentices to visit Hampshire bus operator, Bluestar, at its Barton Park depot. The students are pictured with S&B’s Andy West (3rd right) and Steve Prewett, Bluestar’s Area Engineering Manager (2nd right). Ends http://www.sandbaa.com
  • French bus crash: Five children killed near Troyes

    Five children and an adult have been killed in a minibus crash near the French city of Troyes, south-east of Paris.
  • Fight Club sequel to be published as comic book series

    The author of the novel Fight Club has confirmed he will publish a sequel in May 2015.
  • Young footballers in Derry to take part in Foyle Cup

    Hundreds of young footballers from all over the UK and Ireland are in Londonderry this week for the Foyle Cup.
  • Tatchell calls on Salmond to condemn homophobia in the Commonwealth

    Campaigner Peter Tatchell has called on First Minister Alex Salmond to condemn homophobia in some Commonwealth countries ahead of the Glasgow Games.
  • Trojan Horse: Birmingham to get education commissioner

    A new commissioner will be appointed to oversee schools in Birmingham.