A rapidly evolving and award winning new subsea business has secured GBP 60,000 in public sector funding to support its business growth and expansion overseas. The cash boost from Scottish Enterprise and Scottish Development International will help ROVOP, based in Westhill, Aberdeenshire, to both explore international business growth opportunities and undertake business improvement activities. This latest support comes just after the nation’s finance minister John Swinney announced an investment from the Scottish Loan Fund (SLF) of GBP 1.6 million to the company, with an option to drawdown up to GBP 5 million in total. ROVOP specializes in the supply of state of the art Remotely Operated Vehicles (ROVs) solutions to the offshore oil & gas and renewable industries, where its unmanned submarines are used to complete tasks and gather information underwater. Operating in a niche area, the business provides first-class equipment and pilot technicians to ensure ROV projects are delivered safely and efficiently. ROVOP is unique in that it is 100% focused on ROV services and therefore provides genuine expert capability. SLF funding will enable ROVOP to acquire additional ROVs to meet the growing demand that has seen the business secure long-term contracts with major marine contractors. The SLF was established by the Scottish Investment Bank, a division of Scottish Enterprise, to help address a specific funding gap in the SME market across Scotland, and is managed by Maven Capital Partners.