Sheffield engineering company receives £400k to support “record demand”

A Sheffield engineering company has received £400k from NPIF – Mercia Debt Finance, and is part of the Northern Powerhouse Investment Fund (NPIF), to help it keep up with record demand.

Tinsley Bridge is a supplier of suspension parts to the European truck industry. Its suspension business is up by 40 per cent on pre-pandemic levels due to increased demand from vehicle manufacturers, while its blades division, Tyzack Machine Knives, is also seeing a surge in demand for its products from the steel and scrap industry.

Tinsley Bridge is one of Sheffield’s largest manufacturers, employing around 200 people and with origins dating back almost 200 years.

Mark Webber, managing director at Tinsley Bridge Group, said: “The Tinsley Bridge Group is experiencing record demand in several of our key markets and has achieved unprecedented growth.

“This is despite experiencing supply chain disruption due to global shortages of computer chips and other materials, freight delays, Brexit and continued customs problems. The latest funding will help us meet the surge in demand and maximise the growth opportunities in 2022.”

Andy Tyas of Mercia, commented: “Tinsley Bridge provides a shining example of how resilient Sheffield’s manufacturing sector has proven itself to be during these difficult times.

“It is fantastic to see a historic business leverage its expertise and use continuous innovation to adapt to the changing market. The strength of the order book reflects the scale of opportunity that lies ahead.”

Sean Hutchinson at British Business Bank, added: “In a challenging environment, it’s good to see organisations like Tinsley Bridge benefitting from investment – not just to survive, but to thrive.

“Tinsley Bridge’s growth journey so far combines a rich heritage and world class innovation, and we look forward to seeing the company’s evolution in the future.”