The Eurotech Group plc, a Devon, UK-based microelectronics company, has received a £350,000 Grant for Business Investment (GBI) from the South West Regional Development Agency to support major redevelopment plans.
The company, which is one of the leading manufacturers in printed circuit board (PCB) technology and microelectronics, is building new high-tech manufacturing facilities as part of a redevelopment of its site in Salterton Road, Exmouth.
The new capital will ensure the new factory is built to high environmental standards, incorporating a range of eco-friendly features. The new facility, totalling 35,000 sq ft, will contain new and improved equipment including new plating lines and will allow Eurotech to better match the requirements of capability and capacity for future UK, European and worldwide customers.
The project is expected to secure existing and create 5 new jobs at the site.