A Cornish marine manufacturing firm is set to grow, create jobs and expand into overseas markets after landing £200,000 in investment.
Penryn-based Workfloat, which also trades as Scaffloat has two fully-certified, key products using its patented float technology: self-propelled bespoke pontoons designed to integrate with scaffolding, and easily transportable workboats for use in commercial marine engineering.
The firm has secured a £140,000 equity investment from the Cornwall & Isles of Scilly Investment Fund (CIOSIF) as part of a £200,000 funding round, including match-funding from private investors, led by appointed CIOSIF fund manager The FSE Group.
