Let’s Grow supports new equipment and jobs at Co Durham manufacturer
EOS Facades wins new contracts and increases capacity thanks to £110,000 grant
County Durham manufacturing company EOS Facades has created new jobs, expanded its product range and won new clients as a result of a successful bid for £110,000 of Let’s Grow funding.
The Newton Aycliffe-based firm was approved for the grant in February last year as part of a £500,000 project to pay for two new machines, take on an additional eight staff and safeguard five jobs. It has already bought one of the machines, created seven jobs and is working with a wider client base thanks to the injection of funding.
EOS works with construction customers across the UK, providing specialist light gauge steel profiles for construction. Its main products are ‘stud and track’ secondary steel infill and steel frames used by modular building manufacturers.
The company, whose products are used across education, healthcare, commercial, residential and mixed use developments, now has the only FRAMA 8800 machine in the UK offering a greater choice of steel sections to its clients.
EOS Finance Director, Neil Teesdale, said: “We’ve drawn down £72,000 from the grant to help finance the new machine, which was required to expand our product range. Without the grant, we may not have had the confidence to proceed with the purchase.
“In the past we have been forced to walk away from projects, or subcontract works to our competitors. The new section sizes have allowed us to quote to a much wider marketplace.
“We are attracting new customers and our turnover is increasing, the extra capacity created by the new machine will allow this growth to continue.”
EOS has created seven of the eight new jobs expected as a result of the Let’s Grow funding and now has a total workforce of 44, which it expects to grow as business expands. It will use the remaining Let’s Grow Funding towards a second machine, capable of making different steel sections, and updating its IT infrastructure.
Mr Teesdale said: “I would recommend Let’s Grow to any businesses. The team are very professional, easy to deal with and the aftercare support has been fantastic.”
Let’s Grow, which is administered by the BE Group in partnership with UNW and The Journal and Evening Gazette, supports SME growth and job creation in the North East. Aimed towards manufacturing businesses and service sector businesses, grants are available to businesses of all sizes, with higher levels of support available to SMEs.
Neville Bearpark, who leads the UNW grants team, said: “Let’s Grow is designed to help businesses fund job creation projects and finance new equipment they would otherwise struggle to afford.
“EOS Facades is a superb example of how the funding can help a business reach the next level, increase its order book and win new customers. The company has created jobs and is on course to add further members of staff.
“We wish EOS every success in the future and have enjoyed supporting the business during this exciting period of growth.”
Andrew Frost, Let’s Grow Project Adviser at the BE Group said: “We’re delighted that Let’s Grow has been able to play an important role in EOS Facades’ decision to make this significant investment which is already bearing fruit in terms business growth and new jobs.”
UNW was instrumental in setting up the Let’s Grow Fund in 2013 and since then continues to appraise all Let’s Grow applicants. For more information on the Fund, please call 0191 389 8434 or email firstname.lastname@example.org.
Photo: Front, l-r: Rajan and Anjali Malhotra, Marjorie Ridgway / Back, l-r: Alan Suggett, Karen Simms, Amanda Maskery, Paul Graham
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