An innovative engineering company is applying for planning permission to build a new £1 million factory and buy state-of-the-art technology as part of a nationwide government funding scheme.
Cyber-Weld Ltd is submitting plans to Stratford District Council to move from its current 6,500 sq ft home in Southam Road, Long Itchington, into a purpose-built 15,000 sq ft unit in Holywell Business Park Phase 2 in Southam.
The robotic welding engineers have received a £100,000 grant from the Coventry and Warwickshire Local Enterprise Partnership (CWLEP) which is supported by the government’s Regional Growth Fund (RGF) towards their move and the purchase of the latest technology and licenses.
Fraser Reid, managing director of Cyber-Weld, set-up the business 14 years ago and after initially being based in a barn, the company moved to Southam Road in 2010.
He said the 14-strong business is now ready to take the next step-up as it supplies and commissions robotic welding systems in various industries ranging from automotive and aerospace to nuclear and retail packaging.
“We have purchased the land which will include a roadway in Southam and the new premises will cost £1 million because we want to increase the size of our two current buildings as well as invest in new technology,” he said. “The grant from the RGF is a great deal of money and has been a big help.
Cllr Izzi Seccombe, CWLEP board director and leader of Warwickshire County Council, said the grants from the RGF were making a real difference to SMEs in numerous sectors across the region.