Craft Prospect Limited announce major investment from C4C plc

Craft Prospect Ltd (CPL) has announced that it has secured a significant investment from Capital for Colleagues plc (C4C), a business that focuses exclusively on advice, investment and support for Employee Owned Businesses (EOBs).

CPL is a space engineering business that develops enabling quantum and AI-based products and mission applications for the small satellite market.

Craft Prospect will use the new funds for furthering its flight heritage capability, recruiting additional experience to the team, and developing new products and services including through its Responsive Operations for Key Services (ROKS) mission which is designed to demonstrate automated, efficient, and secure quantum communication services by combining responsive operations with Quantum Key Distribution (QKD) technology.

Steve Greenland, Managing Director and founder of Craft Prospect, said: “This funding will enable us to implement our smart secure space strategy to deploy onboard intelligence and quantum technology based products and services to the sector. We are pleased to have Capital for Colleagues as our investment partner and look forward to working with them to grow our business and develop as an employee owned business.”

Alistair Currie, Chief Executive of Capital for Colleagues, said: “We are delighted to have completed this new investment in Craft Prospect. This funding will enable Craft Prospect to continue to grow capability in Scotland to compete for and deliver increasingly sophisticated projects for major clients in the UK and internationally. This is our second investment in the space sector in Scotland and further validates our strategy focused on Employee Owned Businesses.”