Northumberland metalwork firm to expand thanks to £250k funding
A Northumberland engineering business is hoping to expand operations nationally after securing funding from the North East Venture Fund (NEVF).
Eminent Engineering has secured a £250k loan from the fund, supported by the European Regional Development Fund and managed by Mercia, to target national contracts and grow its team.
The firm, which is based in Bedlington, is hoping to double its workforce as a result of the funding, which will allow it to compete for larger contracts and boost its national presence.
Paul Milsted, Eminent Engineering managing director, commented: “We feel very confident about the future, and this funding will allow us to move forward with our expansion plans.
“We will be investing in equipment, refreshing our website, and expanding our strong and skilled team of fabricators and welders. We look forward to seeing the positive impact this will have on the business.”
James Allsopp, investment manager at Mercia, added: “Paul is passionate about training apprentices, developing skills and retaining employment in his hometown.
“Eminent has a young and vibrant workforce with a strong focus on teamwork, and has built a great reputation with the large national contractors. This funding will allow it to invest in both its people and its assets to improve capacity and compete for contracts on a national stage.”
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