Funding to transform North East circuit board assembly plant into £5m-revenue business
A manufacturer based in Ashington is set to become a £5m-revenue business in the next two years with the help of new growth funding.
Electronic assemblies maker Arian EMS Ltd was founded in 2017 and generated a turnover of £3m in its first full year of trading.
Now, the company is expecting sales to grow around 66% in the next 18 months following support from Advance Northumberland, which helped Arian secure £130k in grant funding from the RDPE Business Growth Fund towards the cost of production equipment.
Advance Northumberland also assisted Arian in expanding into a 16,000 sq ft factory unit on Wansbeck Business Park in Ashington.
Malcolm Humble, the firm’s managing director, has grown the team from a handful of employees to 42 staff in little over a year.
Richard Wearmouth, chair of Advance Northumberland, said: “Arian EMS Ltd is a fantastic success story for Ashington and Northumberland.
“Their rapid growth is a sign that manufacturing is thriving in our county and shows that when people decide to invest here that there are the skilled people to step up to the mark.”