Yorkshire engineering company secures "major" £250k investment for job creation

A Yorkshire engineering company has announced that it has received a “major” £250k investment to create new jobs.

Fowler & Holden, based in Grimsby, has secured a £250k investment from NPIF - FW Capital Debt Finance, which is part of the Northern Powerhouse Investment Fund (NPIF) and is managed by FW Capital.

The business will use the funding to secure 25 jobs, and is aiming to create a further 12 positions across the next two years.

The deal was facilitated by FW Capital investment executive Andy Castle, following an introduction by Mike Asquith, of Trusted Business Partner Ltd, advisor to F&H.

Andy Castle, commented: “F&H is a well-established business in the manufacturing sector that is successfully expanding and creating new employment opportunities.

“We are pleased to have been able to provide this funding to safeguard and create jobs for the local economy and to allow F&H to continue their ambitious growth plans.”

Tim Brooksbank, director of F&H, said: “This investment has helped us to safeguard the jobs of 25 people and create 12 new roles in the manufacturing industry.

“FW Capital were very helpful and we greatly appreciate their support.”

Mike Asquith, of Trusted Business Partner, said: “F&H is a long-established and well-respected company and I am delighted they have been able to secure the funding needed to expand and create new jobs.

“I am always confident in recommending the services of FW Capital to my clients. As a funding partner, FW Capital is consistently willing to go the extra mile to support the businesses it works with.”