£1.5m Northern Powerhouse cash for Grimsby business

£1.5m Northern Powerhouse cash for Grimsby business

Fast Form Systems will kick off a new marketing strategy and continue to exploit growth opportunities in the US after securing £1.5 million from NPIF – Maven Equity Finance.

“This latest investment represents our next step in the growth of the business in the UK and also in our growing export markets,” said Tony White, MD of Grimsby-based Fast Form.

“The fact we are a British manufacturer and exporter is something we are very proud of and we look forward to growing our business here in the UK and also in the USA where we are making inroads into a booming market.”

The NPIF – Maven Equity Finance is part of the Northern Powerhouse Investment Fund and is managed by Maven Capital Partners.

Dave Furlong, Investment Director at Maven, said: “Fast-Form is one of the only full-service systems in the construction industry providing a cost-effective solution for contractors and helping to reduce its customers’ carbon footprint.

“Tony is a highly experienced formwork specialist and has grown the company, which now supports an impressive client base. We look forward to working with the team as they embark on an exciting new growth phase.”

Phil Glover, Business Development Manager at the Humber LEP, added: “Fast Form is one of the fastest growing companies in Grimsby. They are an SME setting an excellent example of how to break into overseas markets by introducing new innovative products to the building industry and in so doing, minimise construction times whilst reducing site waste.”