West Yorkshire manufacturer looks to ‘greener future’ with six-figure investment
A West Yorkshire cleaning product manufacturer which supplies the hospitality and leisure sectors has secured £175k investment from Finance Yorkshire.
The Proton Group was established more than 50 years ago and specialises in cleaning products for the hospitality sector. The firm works closely with many of the UK brewers and boasts “unique” product and educational offerings.
The Proton Group employs more than 25 people at its manufacturing plant which includes warehousing and distribution facilities. The business is targeting £5m turnover this year.
Managing director Murray Angus says the investment from Finance Yorkshire’s Business Loans Fund will support the company’s growth strategy as it develops new, innovative products which are more environmentally friendly.
He commented: “The investment gives us a cash boost to invest in our plant and equipment while also working on new products for our customers. Innovation is important to us, and we have just seen the launch of a new specialist product range that will be used by technicians within the trade, aimed at saving money and time for the brewers.
“We have a focus on sustainability and are currently pursuing how we can support this both with alternative packaging solutions and less harmful chemicals.”
Alex McWhirter, chief executive of Finance Yorkshire, added: “The Proton Group is a well- established Yorkshire business with a strong track record of innovation and product development which has been integral to its success over the last five decades.
“We are pleased to support the company as it continues to innovate and win new contracts in its target markets.”
Finance Yorkshire’s Business Loans Fund is part of a wider regional business fund which is expected to provide more than £50m to SMEs over five years. Investment is also available from its Growth and Seedcorn Funds.
By Matthew Neville – Senior Correspondent, Bdaily
- Add me on LinkedIn and Twitter to keep up to date
- And follow Bdaily on Facebook, Twitter and LinkedIn
- Submit press releases to editor@bdaily.co.uk for consideration.
Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →
Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.
Enjoy the read? Get Bdaily delivered.
Sign up to receive our popular Yorkshire & The Humber morning email for free.
Give us certainty to deliver better homes
Hormuz: Safe passage - not insurance - the issue
Don't get caught out by employment law change
When literacy thrives, our businesses thrive too
Building a more diverse construction sector
The value of using data like a Premier League club
Raising the bar to boost North East growth
Navigating the messy middle of business growth
We must make it easier to hire young people
Why community-based care is key to NHS' future
Culture, confidence and creativity in the North East
Putting in the groundwork to boost skills