LED lighting specialist Rotolight has secured £3.5 million in growth finance from Clydesdale Bank, to be invested in global expansion, R&D and a new product pipeline.
The company’s products have recently been deployed by the BBC, ITV, Formula 1, Netflix and Disney, as well as cinematographers on films including Skyfall and Captain Phillips.
Ross Goodwin, director of Growth Finance at Clydesdale Bank, said: “The Rotolight team has a bold and ambitious vision for the future of studio and location LED lighting, and we are thrilled to be working closely with them at such an exciting time.
“The growing need for content driven by the continued success of Netflix, Amazon, Disney and others combined with an established feature film industry provides a continuously growing demand for Rotolight’s innovative products which are already favoured by filmmakers, broadcasters and photographers globally. It’s also a real coup for British manufacturing that Rotolight’s supply chain is kept predominantly within the UK to ensure quality is not sacrificed.”
“We’re delighted to have partnered with Clydesdale to secure the growth funding to deliver our ambitious expansion plans over the next several years,” added Rotolight CEO Rod Aaron Gammons. “We have been extremely impressed by the Growth Finance team and their understanding of our vision for the business.”