The latest Regional Growth Fund (RGF) grant for a North East Lincolnshire company has been awarded to ICF Grimsby, a family run company that has been producing reflective newsbags and safety products for more than three decades.
The company plans to expand the business to take advantage of the opportunities offered by the renewables sector, specifically in the provision of offshore kit and shuttle bags and bespoke industrial covers for plant and machinery. Other items will include high visibility (PPE) clothing as well as bags and covers for both the leisure and fire safety markets.
New industrial machinery will be purchased to help increase efficiency, develop and manufacture new products to expand their market potential.
The company expects to be able to take on another two full time posts and one part time within three years and also introduce an apprenticeship programme.
Andrew Waterhouse, Managing Director of the company said, “Thanks to the help received from e-factor, we’ve been able to develop a growth strategy for the business and take the next step. Without this funding, we’d have had to put our plans on hold and we would not have been able to take advantage of the growing opportunities for business in our town.”
Grant funding has been made available for the project from the £30m Regional Growth Funded programme Growing the Humber, supported by accountable body North East Lincolnshire Council on behalf of the Humber Local Enterprise Partnership.