Durham robotics firm receives six figure funding to protect jobs past pandemic

Durham robotics firm receives six figure funding to protect jobs past pandemic

A Durham robotics company has announced that it has received six figures of funding to protect jobs and support cash flow.

Wootzano, which makes ‘electronic skin’ for robots, has received the funding package from HSBC UK through the Coronavirus Business Interruption Loan Scheme (CBILS).

The loan has enabled the company to protect multiple jobs, support cash flow and continue manufacturing during the coronavirus crisis.

With the funding in place, Wootzano is now planning for an increase in production and revenue as the business grows.

Source: Bdaily

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