29th June 2015
A Midlands manufacturer which is supported by Harrison Beale & Owen (HB&O) has stepped up its expansion plans after securing an investment deal to boost its plant facilities.
Staircraft has secured £210,000 through the Regional Growth Fund which was approved by the Coventry and Warwickshire Local Enterprise Partnership. The Regional Growth Fund is a Government initiative that provides grants to SMEs looking to purchase new assets and create economic growth and local employment opportunities. The cash injection is being used to install a bespoke manufacturing plant at its new factory base in Coventry, creating up to 50 jobs and enabling the firm to expand its product offering and increase capacity.
Phil Ewing, Director at HB&O, added: “We worked closely with Staircraft to identify new opportunities for investment which have helped to facilitate the company’s ambitious growth plans, including the acquisition of new premises and machinery. Staircraft has already seen positive results as part of its expansion and we look forward to supporting the company as it embarks on this exciting new chapter in its history.”
Photo: (left to right) Phil Ewing (Harrison Beale & Owen), Nick Abell (CW LEP & Wright Hassall), Rob Bent (Coventry City Council), and Andy Hamilton (Staircraft)