Indoor golf tech specialist MIA Sports has entered the UAE market after it secured a finance package worth 拢75,000.
The financing was provided by HSBC UK, with government backing from UK Export Finance (UKEF).聽
MIA Sports specialises in the design, supply and installation of golf simulators and teaching studios.聽
The Huddersfield-based company has now begun exporting to the UAE after its products were adopted as an integral training tool at golf facilities in the UK, Europe and East Asia.
The package will support the supply and installation of five teaching studio bays for a new academy at the Emirates Golf Club, home to the European Tour鈥檚 Dubai Desert Classic tournament.
鈥淏reaking into the UAE market was a major opportunity for us,鈥� said Andrew Keast, managing director at MIA Sports.
鈥淭hanks to UKEF and HSBC UK鈥檚 support, we were able to access the finance required to bring our technology to a fast-rising capital in the world of golf.鈥�
Andy Booth, international business manager at HSBC UK, added: 鈥淲orking alongside UKEF, we鈥檙e committed to helping innovative British businesses like MIA Sports expand internationally.聽
鈥淭his showcases how effective partnership between banking and government support can boost UK exports.鈥�
MIA Sports approached UKEF, who worked with HSBC UK to arrange the finance package.
This was supported by a government guarantee provided through UKEF鈥檚 General Export Facility (GEF), a product specifically tailored to enable SMEs to scale up their exports by giving banks the confidence to lend.
MIA Sports becomes one of 1,000 SMEs that UKEF is working towards supporting by the end of the decade.