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A Darwen engineering family firm has been given a grant to buy new equipment and create three new jobs including an apprentice.
The company was operating with some old machinery and wanted to buy a new CNC lathe which will help their productivity and precision, and hopefully will therefore growth of the business.
Fuse Fund is a capital grant scheme that will help new Lancashire businesses finance growth projects, such as machinery acquisition or property improvements, to create additional jobs and local investment. Non repayable grants from £5,000 to £50,000 are available.
Regenerate has made successful bids within two other RGF rounds, with the Fuse Fund making up £4m of a total £16.5m of grants available to help growing businesses across Lancashire.
“We also already employ an apprentice engineer who will now be able to acquire additional up to date skills by using the new CNC lathe.
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