Vascular Flow awarded additional £1m in funding
We are very pleased to announce that our principal shareholder, a Guernsey based Trust, has positively endorsed recent progress by committing a further £1m to the Company.
The extra debt facility effectively underwrites the Company’s business plan through 2015, bolstering the £4m investment round concluded at the end of 2011.
CEO Bill Allan commented “The additional financing from our newest investor is a very strong vote of confidence in the progress and direction our business is taking . Most importantly it allows the management team to focus on driving the business forward and signals to all of our stakeholders that we are well supported to deliver on our business plan”.