A Staffordshire automotive components manufacturer is set to increase annual turnover by 30% after securing a £1.3m funding deal. To read more click here
The Autins Group which started life making parts for the original Mini has revealed its intention to float on the London Stock Exchange. To read more click here
Midland manufacturer Dunlop Systems and Components is creating 15 new jobs and planning to conquer international markets over the next two years after securing a funding deal. To read more click here
Lloyds Bank has launched a new facility to support companies in the UK’s automotive supply chain.
The new tooling finance package will provide companies with 90 per cent of project costs up front, freeing up cash and taking pressure off working capital.
Dave Atkinson, UK head of manufacturing for SME at Lloyds Bank Commercial Banking, said: “We have a deep understanding of automotive manufacturing and know that the UK is one of the most attractive locations for investment in the sector. To read more click here
A £100,000 cash injection from Finance Birmingham has led to a Walsall metal pressing and assembly business winning a contract to supply parts to car making giant Jaguar Land Rover (JLR).
Finance Birmingham supported Genex Ltd through its tooling loan fund, which allowed the business to purchase equipment to make the components for JLR. To read more click here
THE majority of business owners and managers in the West Midlands are not planning to implement any special measures to cope with future Bank of England interest rate rises, despite 84% expecting an increase before the end of 2016. To read more click here
AN initial £25m set aside by sister banks RBS and NatWest to support the automotive sector has benefited two local firms. To read more click here
A Birmingham-based coatings company has revealed plans to build a new factory. To read more click here
BCRS Business Loans has announced a new investment programme that will be delivered through peer to peer lender ThinCats.
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MANUFACTURERS from across the West Midlands are to share in a £55m handout as part of the latest settlement for the Regional Growth Fund. To read more click here