A toolmaking company has been able to invest in the latest design and manufacturing technology thanks to an #10,500 grant accessed through Business Link Black Country.
RP Tooling, based in Hayseech Road, Cradley Heath, is already enjoying significant success after just 15 months of trading.
The company, which manufactures investment tools, injection mould tools and rapid tooling for a wide variety of industries, has received funding through the New Opportunities for Business Growth scheme. The money obtained following support from BLBC enabled RP Tooling to invest in the latest software programmes and also to produce a company brochure.
Partners Darren Withers, from Cradley Heath, and Brett Mitchell, from Birmingham, set up the business after having worked in the toolmaking industry together for many years.
RP Tooling started out with just two employees – themselves – but the business now has eight staff in total and estimates that annual turnover will reach #500,000 in the next 12 months.
As well as the financial support, BLBC has provided an ongoing business mentoring service to the company.
Mr Withers said the advice and support had been a comfort. "It has enabled us to establish ourselves and move the business forward."
BLBC business adviser, Shuba Gupta, said: "The funding package we supplied enabled RP Tooling to increase its marketing activities and develop new software programmes.
"Manufacturing in the Black Country suffered over the past ten years. It is therefore rewarding to be working with a company which is not only surviving, but thriving."