Another SME is growing with the help of a capital grant from the Humber LEP’s Growing the Humber programme creating 10 more jobs in the Humber.
Kirmington-based Agrimin, which manufactures specialist nutritional products for cattle and sheep, needed to invest in new machines and equipment as well as extend its premises to create a 14,000 square foot warehouse, to help it increase its capacity and productivity to allow it to realise their goal of licensing new products they have in development.
Company secretary Robin Jackson believes that the project, which cost £769,400 and is being supported by a grant of £137,474, is already having a positive impact. He said: “Since securing the grant the company has recruited 10 more staff on site and allowed us to bring the testing of raw materials in-house which has improved timeliness – meaning the business is not reliant upon third parties to release product or raw materials.”
Mr Jackson says the process of making the application has also had unexpected benefits for the business. He added: “Preparing the application was very good discipline in making the company focus more seriously about where it was going and when it was going to get there. Being successful in the application also acted as a vote of confidence in what the company is doing.”
Agrimin secured its grant from the current £4m Growing the Humber programme funded via the Government’s Local Growth Fund and builds on a £30m Regional Growth Fund scheme, administrated by North East Lincolnshire Council. So far Growing the Humber has supported more than 200 businesses with grants that help them to invest in equipment and other capital purchases and create jobs.
The current programme runs until 2017 and is anticipated to create 275 jobs and leverage an additional £20m in private sector funding. There is still funding available for SME businesses in the Humber looking to invest in and grow their businesses.