Sheffield-based manufacturing group Macalloy, which designs and manufactures high-strength bar and cable systems, has received finance from Barclays that will enable it to work on stadia that are set to host matches at next year’s World Cup (www.macalloy.com).

Chief executive Peter Hoy said: “We have been trading successfully overseas for some time now, but we are always looking for new projects, and the funding from Barclays has enabled us to finalise an exciting deal working on Russian stadia in time for the 2018 World Cup.

“We are delighted to be involved with five of the stadia, and we are now planning ahead to 2022 and Qatar. We have already completed the refurbishment of the Al Khalifa stadium, where we were first involved with the renovation in 2006 and the Asian Games.”