A machinery protection systems manufacturer in Kidderminster has expanded its manufacturing plant with the support of an £800,000 funding package from Lloyds Bank Commercial Banking.
Established in 1954, Beakbane is a leading manufacturer of machinery protection systems, bellows and high-quality fabrications for customers such as machine tool builders Yamazaki Mazak and Heller.
The recently opened £1.2 million facility includes new production areas for the efficient manufacturing of machine protection equipment, and will help to drive forward the company’s future growth.
The development also features additional offices, an engineering development laboratory and employee welfare facilities.
Funding for the expansion was provided by the Birmingham office of Lloyds Bank Commercial Banking, together with a local development order facilitated by Wyre Forest District Council.
Funding was granted using the Funding for Lending Scheme (FLS).
Designed by Kidderminster architects Howl Associates and constructed by Wolverhampton-based Interclass, the new factory was opened by Tom and Henry Beakbane, sons of the company’s founder, Renault Beakbane.
David Chance, relationship director at Lloyds Bank Commercial Banking, said: “At Lloyds Bank we recognise the importance of manufacturing to the resurgence of the UK economy, so we are proud to support Beakbane as it opens the doors of its new £1.2 million factory.
“This is an investment which will further enhance the efficiency of the service Beakbane provides, whilst helping to facilitate its ongoing growth as it continues to lead in the machinery protection systems industry.”
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