St Helens, UK-based Beverston Engineering, a manufacturer of a range of components for the aerospace and pharmaceutical sectors, received a £200,000 Grant for Business Investment (GBI) from the Northwest Regional Development Agency (NWDA).
The company is looking to move to a site that is three times larger, which would ensure the company’s 31 employees remain in post, as well as create 14 new jobs, and make a £1.2m investment into new machinery.
The move will also allow Beverston to increase its turnover from £1.9m to £3.6m in 5 years.
Commenting on the funding, Rod Wah, Managing Director of Beverston Engineering, said: “After several years of continuous improvement activities to make the company more attractive to customers, several opportunities presented themselves which would require expansion of the company’s facilities. The support of the NWDA will enable this growth to take place and the opportunities realised”.
The company has also been selected for the NWDA’s High Growth Programme – a three year business coaching initiative aimed at “high growth” businesses and entrepreneurs.
Grants for Business Investment (GBI), which is part of Solutions for Business, the Government’s package of publicly funded business support designed to help companies start and grow, provide help for investment projects which will increase productivity, skills and employment in the UK.