7stories.uk
Velocity Composites Secures £1.5 Million Investment from Seneca Partners
NewOctober 10, 202303:42

Velocity Composites Secures £1.5 Million Investment from Seneca Partners

Join us as we explore Velocity Composites' latest £1.5 million investment boost and its impact on their UK and global expansion.

0:003:42
Speed:

In this episode, Emma and Daniel discuss the recent £1.5 million investment in Velocity Composites by Seneca Partners, part of a broader £6.6 million funding round. The funds will fuel Velocity's expansion in the UK and internationally, including their new plant in Alabama. We delve into how this partnership will support the company's growth, with new roles in engineering, software, and business development. Siobhan Pycroft of Seneca highlights the opportunity for investors, while Andy Beaden of Velocity expresses excitement about their next phase. With a focus on advanced carbon fibre manufacturing and waste reduction through proprietary software, Velocity is poised for a significant growth trajectory. Seneca's impressive track record in supporting SMEs adds weight to the potential of this collaboration. Tune in for an insightful look at the North West aerospace industry's continued innovation and expansion.