A Wolverhampton-based metal fabrication company has secured £50,000 in funding from
BCRS Business Loans through the
Midlands Engine Investment Fund II to purchase new equipment and expand its operations.
Midland Cold Rolled Sections (MCRS), which works with steel, aluminium and other malleable materials, supplies specialist cold rolled sections and profiles to industries across the UK. Furthermore, the company, which currently employs 11 people, sources all of its materials locally in the Black Country, supporting growth in the regional supply chain.
The funding will enable MCRS to purchase a new cold-rolling machine to manufacture a key component used in cable management systems for new office developments. This is a new contract that will begin in 2026 and is expected to create new roles and increase turnover at the company by 30%. Established in 1993, MCRS was acquired by Neil Plant and Wayne Fletcher in 2016 following a £25,000 working capital loan from BCRS Business Loans.
Mr Plant said: “The support from BCRS Business Loans has been instrumental to our success, both when we acquired the business in 2016 and now as we continue to grow. This latest investment in new machinery will allow us to meet increasing demand and expand our capabilities. We are proud to source all our materials locally, which means our growth directly benefits other Black Country businesses and the wider regional economy. The new equipment will enable us to take on additional contracts and create new job opportunities for skilled workers in our community.”
Strength-to-strengthLynn Wyke, senior business development manager at BCRS Business Loans, said: “We are delighted to support MCRS once again as it continues to grow and invest in its business. MCRS is an excellent example of how access to finance can help businesses thrive and contribute to the local economy. We are proud to have supported Neil and Wayne’s journey from acquiring the business to now expanding their operations, and we look forward to seeing the company go from strength-to-strength.”
Beth Bannister, senior investment manager at the
British Business Bank, said: “Supporting Midlands businesses to grow and take the next step in their journey is exactly why the Midlands Engine Investment Fund II was established. It is fantastic to see ambitious companies like MCRS applying for funding through our expert fund managers, who not only help provide access to finance but also offer guidance and support throughout the funding process.”
The Midlands Engine Investment Fund II aims to drive sustainable economic growth by supporting innovation and creating opportunities for new and growing businesses in the region. Since its launch, BCRS Business Loans has provided more than £100 million to businesses, safeguarding and creating thousands of jobs and adding significant value to the West Midlands economy.