Looking for a used or new machine tool?
1,000s to choose from
Machinery-Locator
Hurco MPU Ceratizit MPU TDT Machine Tools MPU XYZ Machine Tools MPU Bodor MPU

Machinery-Locator
The online search from the pages of Machinery Market.

Poreba TCG 160V-18m
Make: poreba
Type: heavy-duty-roll-lath
Model: TCG 160V 18m
Machine number: 1173-29
Centre dista
Make: poreba Type: heavy-duty-roll-lath Model: TCG 160V 18m Machine number: 1173-29 Centre dista...
Harry Vraets Machinery

Be seen in all the right places!

Intermach 2020 Toolex 2020 Metal Show & TIB Manufacturing Surabaya 2020 MTA Hanoi ITM Industry Europe 2020 Advanced Engineering 2020 Metaltech 2020 Manufacturing & Supply Chain Expo Machine Tool Indonesia 2020 MACH 2021 FITMA 2021

NPIF invests £150,000 to help ProGen scale up

Posted on 30 Aug 2019 and read 997 times
NPIF invests £150,000 to help ProGen scale upThe Northern Powerhouse Investment Fund (NPIF) has provided £150,000 to support Grimsby-based ProGen Services Ltd, as it seeks to recruit new staff.

Founded in 2014, the company is an industrial and commercial contractor providing fully integrated mechanical, electrical, instrumentation, control and automation (MEICA) turn-key operations around the UK.

This funding will enable it to create at least 10 new jobs, including a new apprenticeship programme; it will also be used to help scale up the business by attracting new customers.

The investment was made by NPIF-Mercia Debt Finance, which is managed by Mercia and is part of the NPIF.

ProGen’s managing director, Jodi Spurrell, (www.progen.co.uk) said: “Our business is on an upward trajectory, but we needed the help of a financial partner for the next phase of growth.

Paul and the team at NPIF (www.npif.co.uk) have offered invaluable support, and we are now in a position where we can take ProGen to the next level.”

Mercia investment manager Paul Arthur said: “I have been impressed with the growth that ProGen has achieved since it was established just five years ago.

“I am delighted to have worked closely with Steve Parker from the Humber LEP Growth Hub to provide a firm financial foundation that will allow the company to achieve its ambitions.”

Grant Peggie at British Business Bank, said: “Since its launch in 2017, NPIF’s impact on businesses has been wide-ranging, providing funding to launch new products, employ new staff, enter new markets and acquire new facilities.”