£3m steel support fund is a spent-up success!
CASH BOOST: Cat Tech’s Joe Walker, left, with Baroness Redfern, Cat Tech chief executive Karl Thew and Councillor Waltham.
By Scunthorpe Telegraph | Posted: 21 Aug 2017
MORE than a dozen businesses in North Lincolnshire have been granted a share of £2.2 million from the British Steel Support Fund, aiding development and creating nearly 220 jobs.
Provided by the Government following the announcement of job losses at Tata Steel in Scunthorpe in 2015, it is understood that the 14 firms will welcome 217 new employees in total, while safeguarding 253 jobs.
From the £3 million of funding, £2,271,782m has been allocated to businesses, with the remainder now going through the due diligence period.
Councillor Liz Redfern, chair of the British Steel Support Fund Board, and leader of North Lincolnshire Council when the funding was received, said: “The £3 million British Steel Support Fund was set-up to support those at risk of redundancies and to help local businesses grow. It is brilliant to see so many businesses and people now benefiting from the funding.
“We have come a long way since the funding was first created and I am delighted that so hundreds of jobs have been created and safeguarded. We wanted to ensure that the number of job losses was kept to a minimum and that opportunities were opened up for businesses and residents in North Lincolnshire, which has been achieved.”
The intervening period has seen a new lease of life begun at the works, with the new British Steel entity back in the black and actual recruiting again. A total of 350 jobs have been created, albeit not matching the losses suffered as Tata attempted to address losses in its long products division.
Baroness Redfern’s successor as council leader, Councillor Rob Waltham, said: “The British Steel Support Fund was set up at a worrying time for many people but it has helped turn things around and made a real difference across North Lincolnshire for businesses. It has supported businesses not only to grow but it has helped safeguard and create hundreds of jobs.
“All of the £3 million funding has now been granted subject to a few applications going through the due diligence process, which is fantastic news.
“The funding has been a huge boost for North Lincolnshire and is helping the economy grow.
“Supporting businesses in North Lincolnshire and job creation is a priority for us. Businesses have a great impact on what we want to achieve as a council and help put North Lincolnshire on the map as a place to do business and invest.”
Last month saw the final agreements made, with announcements to follow when completed.
One recent recipient was Scunthorpe’s Cat Tech International Ltd, the heavy industry-focused catalytic system specialist.
Joe Walker, finance director at the South Park Industrial Estate base, said: “The support of the BSSF allowed us to invest in the business when sales growth and opportunity was presented. This allowed us to complete projects worldwide without the limiting factor of equipment availability and, increase our locally employed people to carry out the works. This contributed to achieving an increase in turnover of 50 per cent and allowing us to further invest in the business and local suppliers to North Lincolnshire.
“Without the support these milestones would have been more difficult to achieve and, also contributed to the winning of the Northern Lincolnshire Business Awards for International Business of the Year.”
That award was presented at The Baths Hall back in May.
Fortunate 14 – Where the money has gone
BOOST FOR BIRKDALE: Co-owners Marc Shrimpton, left, and Simon Sturman
- Birkdale Doors Ltd
Job creation target: 23
Received funding to install a new mezzanine floor within the current premises and to buy a bespoke machine that will help reduce waste and produce slats for their market.
- Bonds Heavy Casting Ltd
Job creation target: 44 with 71 safeguarded
Received funding to support the business to buy thee Scunthorpe site and assets from Bradken Ltd as it intended to close/mothball the site.
- Cat Tech International Ltd
Job creation target: Eight
Received funding to support the business in the extension of the current Scunthorpe site and to buy a specialist humidifier. This will enable the business to win further contracts internationally and continue their expansion plans.
- FJG Logistics
Job creation target: Six
Received funding to support the business to buy new equipment and increase of the freezer capacity.
- Grayton Mechanical and Fabrication Services Ltd
Job creation target: 50
Received funding to support the business in starting up and growing.
- H L Engineering Contractors Ltd
Job creation target: 13 with 21 safeguarded
Received funding to help relocate the business.
- Moulded Fibre Products Ltd
Job creation target: 32
Received funding to support the business to buy bespoke machines.
- R J Engineering Ltd
Job creation target: Three
Received funding to support the business in buying new machinery and associated calibration work (professional support) and the wage costs of taking on new staff.
- Rocal Ltd
Job creation target: Four
Received funding to support the business to buy new machinery and further expand the capability of the site.
- Saxon Abbeydale Foods Ltd
Job creation target: 10 with five safeguarded
Received funding for two projects: to take advantage of potato opportunities by developing a foodservice brand to provide a range of diverse products and to consolidate the Pie Toms Ltd.
- SC4 Ltd
Job creation target: four with six safeguarded
Received funding to buy new Gemini equipment to allow the business to produce in-house components.
- TI Trading Ltd
Job creation target: 20
Received funding to help the business expand warehousing facilities and create a distribution centre for their wider business.
- The Access Panel Company Ltd
Job creation target: 25
Received funding to allow the business to buy a second machine and expand its existing site to accommodate increased trade.
- UK Containers Repairs Ltd
Job creation target: 2
Received funding to enable the business to secure premises and obtain the main plant machinery and tools to conduct the inspection and repair service for freight shipping containers.