NETPark company eyes growth with £6m funding package
- kelseygarbutt
- 1 day ago
- 1 min read
The Sedgefield-based detection technology business is gearing up for the next phase of growth after securing a £6m funding package from HSBC UK.
Kromek will use the revolving credit facility as it scales production across its advanced imaging and CBRN detection divisions.
The business reported 37 per cent revenue growth in its financial year to 30 April 2025 and has supplied customers in 64 countries.
The new facility is expected to help Kromek meet growing demand for its products and support ongoing research and development. It will also strengthen the company as it pursues opportunities across healthcare, defence, and national security markets.
