Published February 18, 2016 at 11:15
Northern Joinery, based in Whitworth, Lancashire have been awarded an LBGF grant of £46,614. Northern Joinery is one of the country’s leading quality staircase manufacturers with considerable experience in the design and manufacture of timber staircases.
It boasts one of the best staircase-manufacturing plants in the UK with a capacity well in excess of 200 staircases per week.
The company approached Lancashire Business Growth Fund (LBGF) about funding to grow their business further. They were looking for funding towards the purchase of machinery and building work.
The total investment of £233,070 will allow the business to invest in a Reichenbacher 5 Axis CNC machine and an Image projection laser. The project also includes building work, electrical installation, dust extraction and tooling.
Once completed the project will culminate in 6 new jobs created and 3 jobs safeguarded.
David Broadbent, MD of Northern Joinery said “This investment will mean a major step forward for the company allowing the business to grow and take on extra people.”
He added “The support of the Chamber and LBGF has been an integral part of moving the project forward, enabling us to make this substantial investment much sooner than we would otherwise been able to do so.”
Mandy Lockett, International Business Director of the East Lancashire Chamber of Commerce said: “The aim of the project is to support local businesses, like Northern Joinery, with their growth. This investment will help finance new machinery and create new jobs. The money is only on offer for eighteen months so we need businesses in Lancashire to take advantage of it as soon as possible. So if you’re a business based in Lancashire please give us a call to discuss your project ideas.”
The Regional Growth Fund-supported Lancashire Business Growth Fund is a programme offering capital investment grants and international trade support to businesses across the county.
The programme, launched by the county’s two accredited chambers of commerce – East Lancashire and North and Western Lancashire – in partnership with Regenerate Pennine Lancashire, is intended to create 600 new jobs and safeguard a further 200.
Its key aim is to accelerate the creation of sustainable jobs by encouraging companies to bring forward growth projects on a bigger scale with a larger impact at a time when those jobs are most needed.
Businesses bidding for grants from the scheme can claim up to 20 per cent of the total project costs, with the remaining costs leveraged from the bank or investment.
To be eligible for the programme, projects must involve the acquisition of new premises, infrastructure, machinery, expansion, or another suitable form of capital investment.