A MANUFACTURER of dental implants has secured a £1 million working capital facility to support its global growth strategy.

Harrogate-based Neoss plans to use the funding from NatWest and RBS Invoice Finance to continue growing its sales in the UK, Europe and the US.

The business, which was established 11 years ago and employs 108 people, has pioneered a range of dental implants that accelerate bone formation and integration. The patented system uses titanium fixtures and is placed directly into the jawbone to support crowns, bridges or dentures.

The company, which supplies dental laboratories, universities and dental practices and exports 95 per cent of its products, has subsidiary companies in Australia, Austria, Germany, Italy, Sweden, New Zealand and the United States and expects to achieve a turnover of more than £15 million by the end of the current financial year.

Guy Leaver, chief financial officer of Neoss, said: “We continue to expand our presence in Europe, Australasia and the US, and we see further growth potential in these areas as the benefits and awareness of our products increase. It is essential for the business to have sufficient working capital in place to meet its expansion plans and this facility provides us with that cover.”

Paul Dawson, senior relationship manager at NatWest, said:”Neoss is a great example of a successful UK business which manufactures and exports a quality, niche product. Its founders have a wealth of experience and have built a strong international client base.”