Coventry-based Sarginsons Industries, a leader in automotive lightweighting, is expanding with support from the Coventry and Warwickshire Local Enterprise Partnership (CWLEP).

The company (www.sarginsons.com) has been awarded a £50,000 capital grant that will be part of an overall investment of £260,000 in technology and equipment.

This will include a new sand foundry, two new gas recuperation furnaces, automated finishing equipment and material handling equipment; it will also lead to the creation of at least five new jobs.

Sarginsons is set to be a Tier One supplier of components to an automotive company in the region (it will supply wishbone and B-pillar components for a new vehicle).

Managing director Anthony Evans said: “We have shown over recent years that we want to invest in people and technology, as part of our overall strategy to grow the business.

“This grant funding means that we can accelerate those plans, so we are extremely grateful for the support we have received from Coventry City Council and the CWLEP through the Coventry and Warwickshire Business Support Programme.

“We have been planning to grow our capabilities to supply a bigger volume of components, and this latest investment allows us to do that. We are very pleased to be playing such an important role on an exciting new vehicle.

“This is a very exciting time for Sarginsons, as we press ahead with our plans to grow the company and make the most of our technical expertise.”