Decision details

BIF Approvals - Company 08

Decision Maker: SCR - Business Growth Board

Decision status: For Determination

Is Key decision?: No

Is subject to call in?: No


Award of £29k grant to Company 08 subject to the conditions set out in the Appraisal Panel Summary Table


A report was received to enable the Board to take a decision whether to support the proposal of a Business Investment Fund (BIF) Productivity Challenge grant of £29,136 to a technical distribution company for a wide range of sensors and instrumentation.


The grant would allow the company to create a vibration test facility for the calibration of accelerometers and transducers, providing the ability to test and calibrate sensors directly in the UK in-house.


The project is estimated to result in a 42% increase in productivity, with GVA per worker forecast to increase from £50,335 to £71,429, and creation of 1 FTE by 2020, considered acceptable value for money for the BIF Productivity Challenge investment. 


Report author: Sue Sykes

Publication date: 06/11/2019

Date of decision: 23/10/2019

Decided at meeting: 23/10/2019 - SCR - Business Growth Board

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