Posted on October 6, 2014Category: News
The latest grant from the Growing the Humber programme has been awarded to Grimsby’s Renco Nets, a manufacturer and supplier of netting, twine and rope nets used predominantly in the indoor and outdoor play industries.
The company was set up more than two decades ago, initially supplying nets to the local and national fishing industry, but now provides recreational nets for indoor and outdoor playgrounds and sports fields, netting for construction use, and also for agricultural use to stop pests and vermin attacking crops. The company has seen growth in both domestic and export market since diversifying away from the fishing industry.
Just over £90,000 has been administrated by North East Lincolnshire Council on behalf of the Humber LEP from the £30m Regional Growth Fund programme that will go towards the purchase and fit out of new premises in Immingham, a project costing more than £300,000 in total. Minor building works will create new office and meeting space as well as staff facilities, and new storage racking and forklift truck will allow more efficient loading and unloading of materials. Four new jobs will be created as a result of this investment.
Rene Jorgensen, Director of the Renco Nets, said, “We’ve reached a critical point where we need to relocate in order to expand the business. Our customers want to increase the volume of product they take from us, and we need to be able to deliver that. The grant from the Regional Growth Fund will help secure our place in the market and gives us the confidence to invest in expansion and grow our local workforce.”
Councillor Ray Oxby, portfolio holder for regeneration, said, “I’m delighted this company has been able to secure the funds and start to grow to its potential and it’s absolutely fantastic to think that netting originally developed in Grimsby for our fishing industry is now being used to support many industries around the globe. I wish the company well.”