A Midland engineering firm has announced plans to create more jobs in the city after securing crucial European funding.
Burnsall Engineering was awarded £60,000 from the Regional Development Fund which has been used to buy two new state-of-the-art machines for its Coventry base.
The specialist tool making company produces mould tools for rubber and plastic products used in the automotive, aerospace and other major industries.
And the cash boost will not only secure the future of its workforce, it will help to create a number of new positions in Coventry. The ERDF funding is part of £2.1million secured by Coventry City Council to help local small and medium sized businesses with their plans to invest in capital equipment.
Burnsall Engineering is one of the first companies to benefit from the grant funding application.
Alan Bratby, Burnsall’s general manager, said: “We are delighted to receive an ERDF grant. This has enabled us to bring forward developments and create new jobs that were part of our future growth strategy.
“Being able to make these changes now will benefit our customers and have a positive impact on our future profitability.”
Burnsall Engineering, which was set up in the city in 1954, currently employs 35 people. The company has grown over the years and now has a well-established UK and international customers base.
The family business has used the money to buy two new five axis CNC machines from Mazak and Axa - adding to Burnsall’s current list of 25 machines and enabling it to further improve its quality, delivery and competitiveness.
The new machines mean Burnsall can produce larger bed size tooling and have the facility for continuous running overnight.
Coun Lynnette Kelly, cabinet member for business, enterprise and employment, said: “We have some fantastic businesses employing highly skilled people in this city.
“Many of them have the potential and the ambition for growth - but what they need is a helping hand to invest in the specialist equipment they need to grow.
“That’s exactly what this money is for. It’s to enable local firms to take the next step in their growth plans. This often secures and creates jobs - so it’s a real win for the city too.
“Burnsall is one of the first Coventry businesses to take advantage of this cash and I wish them every success.”
The ERDF Access to Finance Grants programme is administered by the council’s business team and is available to eligible companies in Coventry and Warwickshire.