Orthopaedic brace manufacturer Neo G has accessed £2m in funding through alternative SME credit specialist Caple in order to drive international growth.

The Harrogate-based firm will use the loan to continue its US expansion plans as well as launching in new markets such as China and Scandinavia.

Neo G develops, manufactures and distributes a variety of medical devices including orthopaedic braces and supports, compression hosiery, foot care and first aid products. Its products provide relief for those suffering with conditions such as arthritis, back pain and carpal tunnel syndrome.

The company exports to 18 countries worldwide, and has offices and warehouses in the US, Canada, and Amsterdam. It also has relationships with US retail giants Walgreens, Target and Rite Aid.

The firm expects its revenues to almost double this year, rising to nearly £30m. In eight years, the company has already grown almost tenfold, up from revenues of £2-3m.

Paul Starkey, founder and managing director of Neo G, said: "We are the fourth largest medical device company in the US in our sector. But we are only just scratching the surface.

"We want to be number one. The loan through Caple enables us to grow our presence in America, expand into new markets and continue our impressive growth trajectory."