The Business Player

UK Steel Enterprise: Creating New Business

With the decline of the British steel industry over the past 30 years, huge areas of Scotland have faced an uncertain future.

Heavily dependent on a disappearing sector, people were finding themselves out of work and with no decent prospects for the future.

This is where UK Steel Enterprise came in, with the aim of transforming business opportunities and helping communities to refocus.

Initially, UK Steel Enterprise looked at helping unemployed individuals, but its focus soon shifted to helping small and medium-size enterprises that it quickly identified to be the key drivers for growth in the affected regions. By assisting in business growth within the traditional steel areas, the economy was given a much needed boost.

UK Steel Enterprise supports a wide range of industry sectors and has a very successful strategy for regeneration, which includes loans & equity funding and sourcing business premises, both on favourable terms.

This not-for-profit organisation has helped create over 16,000 jobs across Scotland and is now a self-financing entity, recycling funds to continue driving successful regeneration.

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