Secure Funding Moves Hydro Group Ahead

A giant international company that specializes in product innovation, design, engineering and manufacturing of Harsh Environment, composite cables, connectors and penetrators for subsea, topside and onshore applications, Aberdeen based Hydro Group will use the secured funding to build research, design and engineering test facilities at Aberdeen Science and Energy Park.

HG managing director, Douglas Whyte said that being granted the funding by Clydesdale Bank means the company can move ahead with the exciting growth plans to create the research, design and engineering test facilities at the new Aberdeen Science and Energy Park site. The objective is to produce a facility that will enhance, improve and develop new products for the renewable, deep water and subsea sectors - with the whole Hydro Group team being integral in the planning, design and development of the new premises.

Clydesdale Bank's partner - business banking, Charlie Henderson added: "Hydro Group has a record of innovation, client satisfaction and staff involvement. This, combined with their plans for new facilities and growth potential, make them an attractive investment proposition. As a new Clydesdale customer they are seeing first-hand the benefits of working with our Financial Solutions Centre which offers a tailored range of business and private banking services under one roof."