- Aberdeen-based Reftrade has become the first business in Scotland to secure new UK government backing from UK Export Finance
- Reftrade is set to triple its headcount and expand its business to fulfil £1 million of export orders
A small business which supplies specialist containers to the NHS to store and transport COVID-19 vaccines, has become the first in Scotland to benefit from a major new government export scheme.
Aberdeen-based Reftrade UK, which supplies refrigerated, offshore and hazardous area containers, worked with NHS Scotland to provide specialist equipment to keep batches of AstraZeneca and Moderna vaccines at a set temperature through the vaccine rollout.
Following its success in the UK, Reftrade secured support from UK Export Finance (UKEF) and the Bank of Scotland to finance its international ambitions, which include expanding their pharmaceutical exports and supplying offshore projects with temperature-controlled containers needed for the construction of wind turbine sites.
Reftrade required additional working capital to take advantage of increasing…
