Winyard Engineering, a local manufacturer for bespoke machinery, has recently received a grant to support growth plans for the business, following a huge surge in demand for its most popular creation – the Spiralising Machine.
The Spalding based business, which is already trading internationally across parts of Europe, Australia and America, has seen a sharp rise in demand for the machine, prompting an investment in growth plans.
Gordon Winyard, who set up Winyard Engineering in 1973, recognised the need for upgrading his current manufacturing equipment to ensure manufacturing excellence was maintained, but also to drive down production timings and business costs.
Gordon contacted Grants4Growth, a grant funding programme to assist the purchase of capital assets, managed by South Holland District Council as part of the Business Lincolnshire Growth Hub, after researching options on new machinery. He found that by investing in a new high specification lathe machine, Winyards could increase production speed by 25% and cut wastage ratios from 5% to 2%, which would lead to an annual cost saving of around £11,000.
Gordon was delighted to receive a grant of £6,600 towards the new machinery. Since the installation of the new lathe, Winyards have seen their production times halved and through the use of a new built-in computer controlling production processes, the quality of production has seen a marked improvement.
Gordon said “I’m delighted that we’ve managed to purchase the new lathe, as it’s allowed us to not only future-proof our business but also gives the apprentices something new to hone their skills with.”
Justin Leckie, Programme Manager for Grants4Growth said “It’s great to see the impact that our grant programme can have on growing and ambitious businesses across Greater Lincolnshire, and we want to continue to offer this potential to many more businesses looking to develop and grow.”
Councillor Nick Worth, Chair of the Grants4Growth Strategic Board at South Holland District Council said “Seeing the growth potential of many local businesses boosted by grant funding from the programme is incredibly rewarding. By providing the grant funding towards their plans, we are also helping to boost the local economy for Greater Lincolnshire.”