Local company receives more than Â£1m in funding
Derry-based Sphere Global, a leading provider of state-of-the-art automation solutions for a range of UK industries, has received Â£1.2 million in funding from Santander Corporate & Commercial, supported by UK Export Finance (UKEF).
Derry-based Sphere Global, a leading provider of state-of-the-art automation solutions for a range of UK industries, has received £1.2 million in funding from Santander Corporate & Commercial, supported by UK Export Finance (UKEF).
The funding has allowed Sphere Global to compete for larger scale projects as well as tender its services to international prospects outside of the UK.
Founded in 2013, Sphere Global has quickly established itself as one of the most prestigious providers of complete automation solutions to a wide range of industries, including the pharmacy, food and drink, postal and distribution sectors. Sphere Global provides full design and planning as well as 3D drawings and factory layouts for its proposed solutions. In addition, all assembly and production is completed at Sphere Global’s 70,000 sq ft testing facility in Derry.
Demand for Sphere Global’s services is growing from international clients in particular, so the funding from Santander Corporate & Commercial and UKEF will place Sphere Global in a far stronger position to complete larger contracts and projects across the world. Specific export markets that the firm is seeing demand from include Australia, India and the UAE.
Sean McNicholl, CEO, Sphere Global, said: “This funding has enabled us to set our ambitions significantly higher. This is a huge step for Sphere Global, and will really increase our outreach and business opportunities across our selected sectors, giving our potential clients the financial security they need when considering large scale contracts.”
Stephen Connolly, Relationship Director, Santander Corporate & Commercial, said: “We are thrilled to be able to help Sphere Global take the next step to offer its clients the best possible services. We are confident that this funding will enable it to enhance its business and open up further opportunities for growth.”