Rugby-based precision engineering specialist
www.technoset.com Technoset is accelerating its growth strategy by investing in the latest automated technology, ‘state of the art’ machinery, as well as enhancing the skills of its workforce. Supported by a £1 million funding package from
Lloyds Bank’s asset finance team and supported by the Coventry-based
Manufacturing Technology Centre (MTC), the engineering firm is positioning itself for expansion into high-growth sectors beyond its traditional aerospace stronghold.
For nearly five decades, Technoset has been renowned with ultra-high precision components, supplying critical parts such as landing gear and turbine components to the aerospace industry. Now, the company is leveraging its expertise to meet rising demand in telecommunications, medical, automotive, defence, and renewable energy markets.
The investment includes new sliding head lathes, specialist measuring machines, and a milling machine equipped with automated handling. These upgrades are designed to boost production capacity and reduce lead times, enabling Technoset to deliver complex components faster and more efficiently. The firm has already proven its capability in manufacturing fibre-optic connectors to tolerances 100-times thinner than a human hair, and the latest technology will take this precision to the next level.
Growth opportunitiesTechnoset’s managing director Adam Land said: “As a business, we are always looking to seize growth opportunities. The automation and lights-out manufacturing we have introduced have been real gamechangers, helping us to increase output and shorten lead times. Not only does this strengthen our existing aerospace pedigree but it also gives us more scope and capability to break into new, fast-growing sectors.”
Alongside machinery upgrades, Technoset is investing heavily in skills and sustainability. The company has expanded its apprenticeship programme to ensure its workforce is equipped with advanced digital and technical skills required for next-generation manufacturing. Four members of its 32-strong team have already completed training at the MTC. Lloyds Bank has partnered with the MTC since 2015, with a £15 million sponsorship running until 2029, to help manufacturers across the region access the expertise on offer.
Stuart Andrews, relationship director at Lloyds Bank, concluded: “By investing in automation and advanced machinery, Technoset is giving itself the scale and flexibility it needs to move further into new high-growth sectors, while continuing to strengthen its position in the aerospace and defence sectors.
“Technoset’s commitment to apprenticeships through the MTC, alongside its push into automation, shows a forward-thinking approach that is laying the foundations for longer-term success. We are proud to support ambitious firms like this, as they continue to innovate, diversify and showcase the very best of British manufacturing.”