NCIMB Secures £1.7m Investment Boost from Scottish National Investment Bank

NCIMB, a leading microbiology services provider and custodian of the UK's largest bacterial culture collection, has received a £1.7 million investment from the Investment Fund for Scotland. This fund is managed by Maven Capital Partners and the Scottish National Investment Bank. The capital injection is aimed at enhancing NCIMB's business development and marketing functions to boost growth in microbiology and strain licensing services. Additionally, NCIMB plans to expand its service offerings to include the tailored development of bacterial strains for specific applications. David Milroy from Maven underscores the strategy to scale NCIMB's operations and enhance its offering globally. CEO Edward Green expresses the transformative impact of the investment on achieving their vision to address significant societal challenges. Alastair McMillen highlights the sustainable potential of the business and its alignment with global challenges like climate change and food security.