A LOUTH company has been announced as one of the regional winners in an HSBC initiative to find the UK’s most innovative and forward thinking companies.
Thermoplastic compounds company Luxus Ltd was praised at the Business Thinking gala awards dinner, held at the National Railway Museum in York on Monday night.
The winners were selected from six regional finalists who were invited to attend a Thought Exchange visit to Hong Kong, identified as offering good growth opportunities for UK businesses. On their return each business was asked to present a business case looked at by a judging panel.
As a regional winner Luxus is eligible to receive up to £6 million in lending and a financial reward of up to £120,000.
The company will now join regional winners from across the country at an International Insight event in London, where the overall winner will be announced. The winner will receive up to £120,000 on top of what they have already won to support the development of their next business idea.
HSBC said the regional winners are a great example.