The company combines digital design, integrated manufacture and semi-autonomous construction, to provide affordable, thermally efficient, low-carbon homes which are swift to construct, enabling it to respond to the UK’s need to build more homes more quickly.
The Dumfries-based company secured £1.4m seed investment from PXN Ventures along with £621k from Scottish Enterprise. The company has also secured a £2m loan approved by Innovate UK Loans Limited, a division of UK Research and Innovation (UKRI), and £800k from Eco Group which will be the delivery partner for the initial VASO Global build projects.
VASO by Eco had previously secured £330k from South of Scotland Enterprise (SOSE) to advance the commercial roll-out of its innovative recycled-glass building technology.
The latest funding will enable VASO Global to develop manufacturing processes at its new 60,000-square-feet manufacturing site in Dumfries, creating up to 70 jobs within the next five years, with the plant adopting industrialised construction methods.
The funding will also help VASO Global find strategic routes to market over the next two years and plan for future investment.
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