Pipeline repair group receives investment from FW Capital

A Jarrow-based pipeline repair company has received £700,000 in investment from FW Capital, which manages the North East Growth Plus Fund.

The UTS Group will now build on some recent major contract wins with UK water companies and further expansion is also planned in the gas transportation sector.

UTS repairs pipelines without interrupting supply, improving customer service and saving costs for heavily regulated utilities companies that can be subject to stringent penalties. The company also manufactures bespoke pipes to suit particular repairs.