£200k investment helps Scunthorpe firm 'Cre8a' new modular building business
FAIR SHARE OF INVESTMENT: Neil Donaldson, centre, and UK Steel Enterprise regional executive Alan Stanley, with Holly Donaldson, left, the next generation in the Cre8a business.
By Scunthorpe Telegraph | Posted: 5 Jul 2017
An ambitious Scunthorpe-based modular building manufacturer is increasing its workforce as it prepares to launch an innovative new product to market.
A total of £200,000 is being invested to propel Fair Share Group Ltd forward, with the Donaldson family business managing to attract £70,000 of funding from UK Steel Enterprise to support rivate backing, in what is anticipated to be a defining year.
The cash has allowed Fair Share to bring the manufacturing of the Cre8a Pod to market, with a new division trading as Cre8a from the town’s Hebden Road. The hand-crafted outdoor buildings can accommodate living, working and relaxing, and are available in six different sizes.
Managing director Neil Donaldson, who founded Fair Share with wife Sue in 2012, said: “The £70,000 investment from UK Steel Enterprise will really help us to drive the business forward as we release the Cre8a product to the market, further increasing our regional and national scope.
“Our focus is to consistently provide a better quality service for our clients, driven by maintaining solid relationships with trade customers, installers and distributors. The additional funding will allow us to expand our team, which is crucial in light of the growing demand from regional and national clientele.”
Currently employing 21 people, the additional funding has allowed the firm, which also has a window division trading as Highseal Manufacturing Company, to add an additional three to the team, filling a build manager position, an installer position and an office sales and marketing role as the modular side is scaled up. Alongside this, the group is looking to create further job opportunities over the coming months as quotes are now taken for enquiries.
Alan Stanley, regional executive at UK Steel Enterprise, a subsidiary of Tata Steel, said: “Fair Share has demonstrated a real aptitude for innovation, providing a new product to the market with the creation of the Cre8a Pod.
“We are pleased we could assist Neil and his team to expand the business, and delighted that in doing so there are further jobs being created in and around the Scunthorpe area.”
UK Steel Enterprise provides equity and loan finance to growing companies up to £1 million.
For more information call 0800 915 1188.