Expert View: Supporting the Advanced Manufacturing Sector
Jonathan Thomas, from Rosebud Business Solutions, finance and business support provided by Lancashire County Council, discusses issues in the sector and how Rosebud can help.
Advanced manufacturing companies with growth in their sights are positioning themselves to thrive with innovative products and services.
Against an uncertain economic environment, they are aiming to weather these storms by continuing to adapt and evolve. This has opened up opportunities to achieve rapid growth, but many businesses have struggled to find the right funding to keep up with this growth. Rosebud Business Solutions have been leading the way providing business finance and support to this sector, unlocking their full growth potential.Burnley-based Process Instruments has twice received investment from Lancashire County Council’s Rosebud fund. The company has since gone from strength to strength with an increase in export sales, new markets at home and overseas, and a 25% year-on-year increase in trading volume.
Process Instruments designs and manufactures innovative water quality monitoring products. Following extensive research and development, they needed funding to exploit the sales potential of a new product range. Managing Director Mike Riding said: “Without Rosebud’s support it would be almost impossible to raise the finance required to grow the business and increase the number of employees as we have done over recent years. I would certainly recommend anyone looking for business finance to contact Rosebud first.”