01 September 2008
NWDA helps create Aerospace jobs for Birkenhead
The Northwest Regional Development Agency (NWDA) has awarded the
CML Group Ltd a grant for £600k, creating 34 additional jobs for
Birkenhead.
For almost 60 years the CML Group has produced components and
assemblies for the aerospace industry for customers such as Airbus
UK and BAE Systems. Over this period, CML Group has developed
its capabilities to comprise machining, composites, sheet metal and
surface treatments.
The company is now looking to invest in new equipment to
capitalise on the increasing use of composites and to increase its
penetration into the military and business jet sectors. By 2011
sales are forecast to increase by £5.6m to £18.8m, while the
company will grow its workforce by 34 to 220.
The grant awarded by the NWDA is known as ‘Selective Finance for
Investment’ and is available for businesses that are looking for
financial backing in order to successfully carry out investment
projects. Grants are available for businesses located in Assisted
Areas of the Northwest, for projects of all sizes.
Mark Hughes, Executive Director of Enterprise and Skills, NWDA
said:
“This SFI grant will allow the CML Group to expand into new and
exciting markets, positively impacting on local job opportunities
in the area and maximising the opportunities to contribute to the
Liverpool city region economy.”
Geoff Stewart, Managing Director, CML Group Ltd said:
“The SFI grant is a tremendous vote of confidence in CML and all
its staff. As we enter this new and exciting stage in the
company’s development, we are delighted to have the support of the
NWDA, and we look forward to delivering real value to all our
stakeholders, particularly our customers and employees”.
The grant was supported by a team from Hurst Liverpool, who were
responsible for the initial feasibility study, completion of the
application documentation , guidance and support throughout the
application process and in reviewing CML's business plans.
Claire Jackson, Managing Partner, Hurst (Liverpool) LLP
said:
"CML is a long established business with an incredible track record
as a manufacturer supplying the Aerospace market, we are passionate
about supporting such businesses in the Northwest region and are
extremely proud to have been able to work with and secure funding
for CML".
The NWDA manages and funds a number of business finance
solutions designed to help businesses in the region to start up and
grow. For further information visit the business page at www.nwda.co.uk
--- ENDS---
Notes to editors:
For further information please contact Shelley Tattersall, Press
Officer on 01925 400256 or mobile 07500 128482 or shelley.tattersall@nwda.co.uk
For further information and to view previous press releases visit
us at www.nwda.co.uk/press
The Northwest Regional Development Agency (NWDA) leads the
economic development and regeneration of England's Northwest and is
responsible for:
• Supporting business growth and encouraging
investment
• Matching skills provision to employer needs
• Creating the conditions for economic growth
• Connecting the region through effective transport and
communication infrastructure
• Promoting the region’s outstanding quality of life