Grants for Growth
Grants for Growth12th Luglio 2019
Langley Alloys approached the Grants for Growth team at Stoke-on-Trent City Council for help with funding for a new capital expenditure project. Langley Alloys were looking to purchase an additional CNC lathe to increase the company’s capacity and allow them to provide extra services to their customers. As part of their investment the company created 4 new high skilled jobs in the Stoke and Newcastle area. Langley Alloys secured £40,000 worth of grant funding enabling them to move forwards with their project.
Kevan Sawyer, Finance Director of Langley Alloys said “As a company we are keen to expand our current offering to include additional value-added services. Having been based in the local area for so long, we also wanted to retain a skilled workforce in the area. The funding provided by the Grants for Growth programme has not only allowed us to purchase new equipment but also expand our workforce accordingly to meet customer demand.”
This investment means that Langley Alloys have been able to broaden the range of services on offer to its customers. Besides in-house testing and inspection, they are now able to offer a range of first-stage machining, including deep hole boring, CNC machining and milling. This enables them to save their customers time and cost, by bringing more of the operations together under one roof.
Stoke-on-Trent and Staffordshire Grants for Growth is delivered by Stoke-on-Trent City Council and is part funded by the European Regional Development Fund (ERDF). It provides gap funding for capital projects to companies across the whole of Staffordshire.
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