Posted on February 11, 2015Category: News
Three Grimsby companies are in line for a windfall after successfully applying to the Growing the Humber grant fund, administered by the Humber Local Enterprise Partnership for cash to help them buy new machinery and equipment.
Collectively, around £65,000 will be granted from the Regional Growth Fund programme towards investment in equipment worth £138,000 and six new jobs. The remaining funds will be found through the companies’ own sources.
Fowler and Holden
Established nearly 100 years ago, Fowler and Holden, based in Grimsby has two divisions – a foundry and an engineering workshop. Enquiries from the sub-sea market and the renewables sector have grown with the development of the facilities in and around Grimsby.
In order to fulfil their requirements, a £31,000 grant was awarded to support a £70,000 project to commission two new furnaces and purchase new equipment. This is the start of a £300,000 investment programme the company plans to roll out over the next 12 months.
Enviro-tex Renewable Energy Products
Gray’s Heating Ltd, trading as Enviro-tex, has invested nearly £20,000 towards a £41,000 project to help develop their range of commercial heat pump products.
The range already includes solar thermal and domestic heat pumps, but this additional investment will allow them to complete their product portfolio and be able to offer affordable renewable energy products to all domestic, commercial and Industrial sectors.
Marshall Brewson is a compressed air specialist based in Grimsby. A grant of £13,500 will be put toward a £27,000 project to purchase a state of the art HPC screw compressor with compressor management system which enables adaptive 3-D-control, integrated web server and teleservice. The system will enable Marshall Brewson to show potential customers the benefits of investing in new equipment. In addition they have been able to update their IT systems within the company.
Councillor Ray Oxby, portfolio holder for regeneration at North East Lincolnshire Council, said, “The Regional Grant Programme isn’t just about the big grants to big companies. The injection of smaller grants can make a huge difference to smaller companies, helping them to grow and support our local economy.”