Black Country based steel manufacturer secures £2.9 million NatWest funding to accelerate growth
Black Country based UK leading steel sheet and plate stockholder USP Steels has received £2.9 million NatWest funding to drive its next phase of expansion.
USP Steels offers a comprehensive range of high-quality products, including Hot Rolled Sheet and Plate, MC Grades, Laser Plate and floorplate and RMS.
The NatWest funding comes following the company’s strategic acquisition of Brierley Hill based C Brown & Sons Steel, which went into administration in September 2025.
The acquisition has significantly bolstered USP Steels’ production capacity to 400kts per annum and saved 29 jobs locally. It has also brought additional premises, advanced machinery, and enhanced processing capabilities, reducing reliance on third-party processors and providing greater operational control.
Glyn Costigan, managing director and owner of USP Steels based in Kingswinford, said of the deal: “The funding package from NatWest marks a pivotal moment in our growth journey, strengthening capacity, enhancing our processing capabilities, and supporting our commitment to sustainable, locally-focused operations. We’re excited to build on our reputation for quality and innovation in a challenging sector.”
With an extensive stock range, state-of-the-art processing equipment and robust warehousing and logistics capabilities, USP Steels is recognised as a market leader in steel innovation and customer support.
Founded and built in the Black Country, the company aims to continue to invest in sustainable operations, integrating energy-efficient solutions across its facilities including electric forklifts and fleet vehicles, solar panel systems and partnerships with suppliers prioritising reducing their carbon footprint to progress its long-term ambition of becoming the UK’s largest and most advanced steel processing centre.
The new funding will enable the business to further expand its product offering, meet growing customer demand and explore extra avenues for strategic growth.
Richard Dowen, relationship director at NatWest, said: “We’re delighted to be supporting USP Steels in their next phase of growth, their expansion and sustainability ambitions will unlock new opportunities for innovation, job creation, and long-term economic benefit in the region. It’s a great example of how strategic funding can help a business reach its full potential.”
