Fylde manufacturer to create nine jobs

A manufacturer of high performance spring technology is set to create nine jobs in Fylde after the creation of a new manufacturing plant, which is being supported with a government grant.

The facility will utilise the latest custom-built production machinery to make the company more competitive by lowering manufacturing costs, and enable the company to add new products to its portfolio, of which 50 per cent is exported to countries around the world.

Steve Williams, managing director at Performance Springs, said: "The new plant will help us meet demands of the growing automotive sector and create 9 full time roles. The finance support from Regenerate has helped us reach a shortfall in funding needed to complete the investment project. It has helped us reach this point much faster.

Allan Oldfield, chief executive at Fylde Borough Council, said: “We give the application our full support. Activity like this gives confidence within the wider economy and shows the key role that Regenerate’s grant programme is playing in the creation of jobs created in Lancashire. I’d urge other businesses in Fylde to see if they are eligible for the support.” Regenerate received £16.5m of grant funding from the Regional Growth Fund for business to business organisations in Lancashire, to help them start up or grow.