Beatson Clark Secures £1.7m from Regional Growth Fund
News release
11th July 2011
Leading glass manufacturer Beatson Clark has secured up to £1.7 million from the Regional Growth Fund.
The company hopes to use the funds to install a larger and more efficient bottle forming machine and a bulk palletiser for packing glass products at its Rotherham plant.
This is just part of a planned £12 million investment which will include a larger capacity furnace.
“This funding is fantastic news for Beatson Clark and for the local economy as it will enable us to strengthen the service we provide to the pharmaceutical sector,” said Lynn Sidebottom, Sales and Marketing Director at Beatson Clark.
“It will facilitate an expansion of our activities in the growing brewery sector and help to secure jobs for the future.”
Beatson Clark expects the investment programme to be complete by March 2015.
A total of £50m has been allocated to businesses and organisations in Yorkshire from the fourth round of the flagship Regional Growth Fund (RGF) which was announced today (Thursday).
The £506m fourth round of the RGF, said to have been the most competitive round so far, has provided funding to 102 companies and projects across theUK.
The cash is expected to leverage £2.8bn of additional private sector investment and create or safeguard 77,000 jobs.
InYorkshirethere were seven successful project bids from businesses and four successful programme bids from public sector organisations.
Deputy Prime Minister Nick Clegg said: “There are more people in work today than ever before – since 2010 we have helped create 1.3 million jobs in the private sector.
“That’s what the Regional Growth Fund is all about – and I'm extremely proud to have found extra money to invest in projects across the country that have plans for the future and want to recruit local talent that will make their businesses better.”
Notes to editors
Beatson Clark
Beatson Clark specialises in providing glass packaging solutions for niche brands in the food, drink and pharmaceutical markets worldwide. The key to its success has been flexibility, innovation and the high quality of its containers.
Beatson Clark’s customers are at the core of its business and the company is proud of the long-standing partnerships it has developed thanks to the outstanding level of service it offers.
Beatson Clark has a turnover of £44 million and a production capacity of approximately 496 million units or 88,000 tonnes.
It has ISO 9001:2000,BRC/IOP Food Packaging Hygiene Standard and OHSAS 18001:1999 Occupational Health & Safety Standard and its manufacturing capability has an emphasis on flexibility to facilitate short tailored production runs. It has aUK distribution centre located inRotherham.
Regional Growth Fund
The Regional Growth Fund (RGF) is a flexible and competitive £3.2 billion fund operating across England from 2011 to 2017. It supports projects and programmes that are using private sector investment to create economic growth and sustainable employment. For further information please visit www.gov.uk/understanding-the-regional-growth-fund
The Round 4 pot was increased to £506 million from the original £350 million announced. This comes from recycling existing RGF money which has been previously allocated to a project or programme but the amount of investment changed or the bid was subsequently withdrawn.
Broken down for Round 4, £314m will go directly to the private sector, comprising 60 awards to companies and 12 private sector run RGF programmes. £192m has been awarded to 30 other programme beneficiaries such as local authorities and Local Enterprise Partnerships to support local growth priorities in their areas.
The 102 selected companies and intermediaries were whittled down through a competitive process from a long list of 309 applications which asked for over £1.9 billion.
Jez Ashberry
Shooting Star PR
01522 528540
jez@shootingstar-pr.co.uk
www.shootingstar-pr.co.uk
t: @jezashberry
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