James Briggs secures Regional growth Fund as part of £5.5m investment
James Briggs, one of the largest manufacturers of aerosols and consumer chemicals in Europe, has received £2.5m of Regional Growth funding through Greater Manchester Combined Authority (GMCA) to support its growth strategy. The funding is part of a £5.5m investment plan to enhance IT systems, improve production automation, add new can printing and labelling technology, upgrade infrastructure and establish a new marketing and development centre.
The funding follows recent investments of £350k in a new chemical storage tank farm and a web-site upgrade, further to the management buy out of the business from ITW in June this year. In addition, James Briggs has recently doubled capacity on a pilot production line as part of a major drive to increase volume output and competitiveness.
Business secretary Vince Cable said: "I heard about James Briggs' ambitions and was impressed by what I was told. The Regional Growth Fund will help the business to expand and create valuable employment."
Simon Tuley, Financial Director at James Briggs said: “Our growth plans over the next three years will not only ensure job security for current employees but should allow us to expand, creating up to 50 new jobs. The funding through GMCA is great news for both James Briggs and our local suppliers.”
Jim Sumner, Chairman of James Briggs, added: “This is a truly exciting time at James Briggs. We see a great opportunity to grow the business in both UK and international markets, which is excellent news for our customers, employees and suppliers. I would like to thank GMCA for their help and both Michael Meacher MP and Leader of Oldham Council, Jim McMahon, for their support during the bid process.”