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Kasdon Electronics Limited

Willenhall, West Midlands | Printed Circuit Board manufacture

Grant

Selective Finance for Investment in England: £71,000

The Case

A well established and respected manufacturer and assembler of Printed Circuit Boards, Kasdon had been established in Willenhall for over fifteen years. The Company had now expanded to the point where not only was it close to the physical restraints of its current factory, but its production machinery was also reaching full capacity.

After deciding that they wished to move to a larger unit on the same industrial estate and invest in new plant and machinery, the Company had then investigated the possibilities of grant funding without success. After discussing the situation with their accountants, they were recommended to approach Grants for Industry for assistance. After a comprehensive review of the situation, it was decided that there was a good chance of a successful grant application being made.

An application was subsequently made to Advantage West Midlands, the Regional Development Agency for the Willenhall area, for a Selective Finance for Investment Grant. The result was the award of a grant of £71,000 for the purchase and modification of a larger factory on the same industrial estate and also additional manufacturing plant and equipment.

Testimonial

Mr Steve Stockley, Managing Director of Kasdon electronics, said “...................

After a considerable amount of time spent trying to find our way through the Grants ‘system’ we had almost decided to give up on finding any available sources of funding. We came across Grants for Industry through a recommendation and the process worked brilliantly well for us.

From an initial review meeting we discussed the potential sources of funding available and decided on the best route for us. Over 2 more meetings on our premises the guys pulled together our business plans, and interpreted the information we provided into a comprehensive application which, Advantage West Midlands were happy to work with. All of the Headaches associated with the application were taken off our hands. A grant was subsequently awarded and structured to meet the needs of our particular situation.

The receipt of the grant formed a key part of our business development plans, and made growth and investment in our company’s future possible even through a very challenging time for manufacturing industry. I would have no hesitation in recommending the services of Grants for Industry.

website www.clarydon.com