The Regional Growth Fund is a government-led initiative which supports eligible projects and enterprises in raising private-sector investment, with the aim of creating economic growth and lasting employment.
Our team at Think Sandwell helped Precision Chains Ltd to secure the funding by providing support throughout the application process.
Precision Chains Ltd of Dudley has invested the funding in new equipment, including the purchase of fixed asset machinery and the computerisation of shop-floor data capture.
The funding has also helped the company to continue improving its methods of production, and therefore increasing its productivity.
Precision Chains Ltd specialises in the design and manufacture of precision conveyor chains for a range of applications. It also excels at providing bespoke solutions and its products have been used worldwide for over 50 years.
Within its field Precision Chains is considered the largest UK manufacturer of chain products. Everything it produces is designed and manufactured in-house at the heart of the Black Country but with a highly-qualified and UK-supported technical sales network its reach and reputation is worldwide. Approximately 65 per cent of its output is exported.
Julia M Gorton, managing director of Precision Chains commented that Sandwell were a very proactive team and provided help and support throughout the process from start to finish. She said: “RGF has supported Precision Chains Ltd position as a world class UK manufacturer.”
Congratulations to Precision Chains Limited. Take a look at our Business Services pages to see how Think Sandwell could help with your business development plans.