Starrett growth plans attract funding

South of Scotland Enterprise has awarded LS Starrett Company £181,000 towards a £500,000 investment project that will accelerate growth plans at its Jedburgh distribution facility. The company – which is a specialist in bandsaws and saw blades – is aiming to not only grow its current business in the UK but diversify into new sectors. This diversification will aim to create new skills, jobs and opportunities across the Scottish Borders in the coming years.

The announcement is welcome news for both Starrett and Jedburgh, which have a long association since the US firm set up its UK factory in the Scottish Borders town in 1958.

Last year, the business announced a restructure of its global manufacturing operations which resulted in the risk of losing over 100 jobs. Since then however, Starrett’s new management team – supported by 78 staff at its Jedburgh base – has successfully begun to rebuild the business, which has recorded 34% growth over the past 12 months.

Starrett is also supporting the further development of skills and opportunities through the rental of factory space to IndiNature, a sustainable construction materials business.

Says Starrett’s finance director Nicky Richardson: “Thanks to support from SOSE we’re now very excited and energised to accelerate growth into new markets as part of our half million-pound investment in the Jedburgh site.”

Commercial director Robert McKechnie adds: “Diversification into these new markets will be challenging but SOSE’s support allows us to recruit the best talent into our great team and continue driving the business forward.”

For further information
www.starrett.co.uk

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