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Central Tin Containers Limited

Liverpool, Merseyside | Aerosol, Tin Can and Container Manufacturers

Grant

Local Council, Selective Finance for Investment in England: £235,000

The Case

Central Tin Containers is a credible manufacturer of aerosol and general purpose tinplate cans. The origins of the business can be traced back to the late 1780’s and for over 200 years it has provided a diverse customer base both in the UK and abroad with innovative design and uncompromising performance.

The Company had recently been bought out and re-financed by its management team who had identified that it needed to invest over £600,000 in new equipment to improve the productivity of the business.

Through careful analysis it became apparent that the Company would be unable to raise all the finance it needed through loans and hire purchase. Their accountants recommended that the management consulted Grants for Industry Limited.

After preliminary discussions with the Directors of GFI it became apparent that the normal source of grant funding that would be applied for, namely a capital investment grant from the North West Development Agency would not provide the necessary funds and hence Liverpool City Council were also approached for assistance.

The result was that the Company were awarded two grants: £185,000 from the NWDA and £50,000 from Liverpool City Council.

These grants enabled the Company to complete the capital investment that was needed to improve its productivity and secure the future of its nearly fifty employees – since the completion of this project the business continues to thrive and the management are looking forward with confidence to the future.

Testimonial

Mr Nick Smith, Operations Director of Central Tin Containers, said “We needed to find a way of securing sufficient funding to make an essential step change in our operational cost of manufacture of Aerosol cans. GFI proved to be a good facilitator in formulating, communicating and helping assure delivery of the assistance required in what can be the complex area of Grant Funding.”