16 June 2009
Grant for Business Investment to benefit North West Aerospace
company
The Northwest Regional Development Agency’s (NWDA) Grant for
Business Investment (GBI) programme has awarded £100,000 to
Aerotech Design Consultants Ltd.
Based in Manchester, Aerotech Design is a specialist design
consultancy, offering varied technical services to the aerospace
engineering and manufacture sector.
With GBI assistance, Aerotech will be able to acquire a new
laser tracking system to support design contract work and enable
accurate assessment of tolerances that are increasingly being
required to demonstrate component conformance with design
parameters.
A team of highly skilled engineers will be deployed with the
equipment, acting as a sales tool to attract additional design
business.
The project will create 10 new full time jobs.
The enhanced service will represent a complete new branch of the
business. No other design company within England’s Northwest is
able to offer this service. By providing a unique service, Aerotech
Design will strengthen the region’s aerospace reputation, creating
a positive impact on the region.
Mark Hughes, Executive Director of Economic Development at the
NWDA said:
“England’s Northwest is the largest single centre of aerospace
manufacturing in the UK and a leading centre of excellence in
Europe. With its GBI award, Aerotech Design will be able to achieve
stronger links with national and international customers through
their enhanced service levels that will benefit the industry and
region as a whole.”
Graham Whiteman at Aerotech Design Consultants Ltd said:
“This investment into state of the art technology is part of
Aerotech Design Consultant’s strategy to provide high end
technological solutions to our customers and fits with our
company’s development both now and in the future.”
Grants for Business Investment (GBI) provide help for investment
projects which will increase productivity, skills and employment in
the region.
The NWDA is playing a crucial role in response to the current
economic downturn, with a number of actions being taken to meet the
needs of businesses during these financially challenging times. To
keep updated on the range of support being offered by the NWDA go
to www.nwda.co.uk/supportingbusiness
For more information on business support visit www.businesslink.gov.uk/northwest
For more information on Finance for Business please visit
www.nwdabusinessfinance.co.uk
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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 urgent out of hours press enquiries please call 01925
400259.
For further information and to view previous press releases visit
us at www.nwda.co.uk/press
The NWDA is supporting businesses and prioritising investments
to ensure that the Northwest is in a strong position to respond to
the current economic climate. Initiatives include:
• The launch of a £10m High Growth business support
programme
• A new £4m Innovation Voucher Scheme to help 1,000 businesses
work with our knowledge base
• Dedicated Access to Finance support within Business Link
Northwest – now available
• £140m Venture Capital Loan Fund (VCLF) - to be launched in
2009
• £40m package of support to stimulate investment in priority
skills development - to commence in 2009
• 10 day prompt-payment pledge to our suppliers to help with
cash-flow
For more information, see www.nwda.co.uk/busines
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