Ecosse Motorcycles has secured a £150,000 funding package from Royal Bank of Scotland to support the business throughout the crisis. It is the second funding boost that the firm has received from the bank after an initial £130,000 in January 2020 to enable the purchase and refurbishment of a new branch in the Granite City.
Moving from Hutcheon Street in the city to a 7,000-square foot premises in the West Tullos industrial estate, Ecosse opened its doors to customers in July and has already noted an increase in sales despite the challenging period.
The new showroom also features a bike repair shop and it is expected that the re-location of the Aberdeen branch will create three new jobs over the next 12 months.
Established in 2005, Ecosse also operates in Dundee and combined the stores employ 19 staff. It sells some 1,000 bikes annually and has a turnover of £4.5 million.
Martin Marshall, founder and managing director, said: “The biking community in Scotland is close-knit so it has been a pleasure to welcome lots of our old, and of course new, friends and customers to see what we have in store for the business.
“Undeniably, the past nine months have been challenging but the positive feedback that we have received so far has been incredibly reassuring and we’re looking forward to continuing this success.
“The financial support received from RBS has been excellent throughout the process and we’re grateful to the team for helping us achieve an important milestone in our development.”