The directors of a local steel stockholding business have expressed their gratitude to the Think Sandwell team for our role in helping their company secure grant funding to support their relocation to a new site.
The Davro Iron and Steel Company was established in 1949 and has been processing steel from its current site in Bridgnorth for over 60 years. They offer a wide range of hot rolled, galvanised and cold reduced products as well as related processing services such as de-coiling, slitting, shearing and blanking.
The funding has enabled the company to relocate to a new site in Halesowen, safeguarding jobs and enabling the business to expand by offering a greater range of products. Their new premises will have room to house an additional slitting machine, which will enable the company to process lighter and higher strength steels.
“Our new, purpose-built steel processing centre will help us survive in a tough market,” said director Mark Noel. “The layout will enable us to work more efficiently, give improved customer service and reduce our carbon footprint.”
Established in 2010, the Regional Growth Fund is a government-led initiative which supports eligible projects and programmes in raising private-sector investment to create economic growth and lasting employment. The Think Sandwell team has extensive experience in helping local businesses access this funding and, as with Davro Steel, have helped dozens of companies in the region secure a healthy future.
“The move would not have been possible without the RGF grant,” said Mark, “and for that we are very grateful.”
Congratulations to Davro Steel Limited. Take a look at our Business Services pages to see how Think Sandwell could help with your business development plans.