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, Mr Webb will be responsible for UKSE’s investments and property management in Scotland.

The TATA Steel subsidiary provides loan and equity finance of up to £1 million to growing businesses. The firm also supports businesses with workspace offerings, providing premises on an easy-in, easy-out basis.

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.

Mr Webb will be supported by Terry Quinn, who has been appointed as regional executive. Mr Quinn 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.

Commenting on his appointment, Mr Webb said: “I am extremely proud to be leading UKSE in Scotland. Since 1975, we have provided more than £100 million of financial support to aspiring businesses, including scores in Scotland.

“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.”