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The National (Scotland)

National

Adam Robertson

Scottish rocket firm handed £18m boost by National Investment Bank

Orbex Scotland Scottish National Investment Bank United Kingdom

A SCOTTISH bank is helping an environmentally friendly space rocket manufacturer to expand its operations following a £17.8 million investment.

The scale-up support from the Scottish National Investment Bank, part of an overall package worth £40 million, will help the Moray-based Orbex unlock significant additional funding sources.

It is hoped this will help to boost plans for future projects.

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