A report was received to enable the Board to take a decision whether to support the proposal of a Business Investment Fund (BIF) Made Smarter grant of £30,000 to a company that designs, develops and manufactures a wide range of components and finished products using in-house powder coating, CNC machining and assembly facilities, with finishing, design and prototyping capabilities.
The grant would allow the company to introduce a fully integrated ERP system across all seven manufacturing process areas within the business.
The project is estimated to create 5 FTE’s by 2022. This represents a gross cost per job of £6,000, considered acceptable value for money for the BIF Made Smarter investment.