Engineer looks to expand with financial boost
An industrial parts maker is set to engineer a jobs and equipment drive after a £74,000 boost.
Clifton Engineering says it will create “several” posts and buy machinery as it bids to expand into new sectors.
The blueprint follows financial support from the Business Growth Fund.
Bosses say the cash will allow the firm, based in Morpeth, Northumberland, to increase polyurethane moulding capacity and buy additional CNC machines.
Founded in 1993, the business fashions components and assemblies for a range of sectors through services including CNC machining, toolmaking, polyurethane tool design, 3D printing and laser engraving.
Andrew Pearson, managing director, said: “We are excited to embark on the next phase of our growth journey, which will help us tap into new markets and industrial sectors.
“This funding allows us to invest in larger and more sophisticated machine tools to support future growth and fulfil customer demands.”
The firm was supported in its finance drive by business support organisation UMi, which manages the £1.8 million Business Growth Fund.
Jonpaul Heron, UMi adviser, added: “Supporting Clifton Engineering to secure this funding has been hugely rewarding.
“The investment empowers them to expand, access new markets and take on bigger projects, positioning them as a global leader in polyurethane engineering.”
The Business Growth Fund is backed by the UK Shared Prosperity Fund.
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 daily bulletin, sent to your inbox, for free.
Taking advantage of the opportunities ahead
Accountability isn’t the enemy of empathy
Act now to avoid a last-minute tax scramble
How inner-city living can transform a city by the sea
Artificial intelligence's value is the time it gives back
Why we must break the magnetic pull of London
AI scepticism is healthy - inaction isn't
What does NPPF mean for planning gain and pricing?
What new NPPF rules mean for landowners
The hidden cost squeezing Britain's economy
Teesside deserves more than cashback devolution
Construction must be built on commercial discipline