Steel Engineering Firm Expansion with North of Tyne Rural Grant Investment
Published: 26 January 2021
Glendale Engineering have successfully applied to The North of Tyne Rural Business Growth Service and secured a grant of £42,640.00 for the acquisition of new plant costing over £106,000. The new plant, a 14-tonne Excavator with Steel Wrist Tilt Rotator provided Glendale Engineering with increased capability to engage and complete all the Civil Engineering works along with the manufacture and erection of the steel frames on large scale construction projects. This enables the business to take on larger scale projects than were previously possible and increase its efficiency and profitability through its new plant and machinery.
Through the grant support, Glendale Engineering were able to start a brand-new arm of the business in ground works, leading to the hire of four new full-time staff coupled with the acquisition of the Excavator. Alongside these new orders the business will also use the new team to work on all existing sites and new business projects through the North of Tyne area and beyond.
The North of Tyne Rural Business Growth Service recognised that the project was a good fit with the aims of their programme and helped the company to prepare the application to aid in securing the grant and enabling the project to proceed.
The North of Tyne Rural Business Growth Service is a £7.896m business support project, which supports Micro, Small and Medium Enterprises (SMEs) based in the rural areas of the North of Tyne Combined Authority Area over the next three years. The main objective is to provide a bespoke, locally accessible, business support and advice service, which will focus on meeting the specialized needs of rural businesses with the development of business growth plans. This support will also aid businesses in their Covid response resilience planning. The programme is part funded by the England European Regional Development Fund (ERDF) as part of the European Structural and Investment Funds Growth Programme 2014-2020 and the North of Tyne Combined Authority.
The service is being delivered using a variety of methods to ensure easy access for businesses across the North of Tyne Combined Authority Areas.