A Derby precision engineering firm is set to increase its workforce after expanding its premises. Promach 3D has increased the floor space at its factory at Victory Park, in Victory Road, by installing a mezzanine floor following a six-figure investment.
The business was able to complete the expansion thanks to a £21,000 grant from the Derby and Derbyshire Enterprise Growth Fund. Now, the company is looking to add to its workforce and has launched a recruitment drive.
Launched in 2004, Promach 3D specialises in the design and manufacture of conventional and complex components, primarily for the aerospace, rail and motor sport industries.The business moved to its current location in 2009 – but after just a few years found that it had started to outgrow the purpose-built premises.
Managing director Martin Spooner said: “We like to work in partnership with our customers, collaborating on research and development projects. “Being at the heart of a manufacturing district allowed us to be accessible and responsive. Location was key to being able to work as an extension of our customers’ own teams.
“However, the building was no longer viable for growing the business and restricting our ambitions for the company.
“No other premises available at the time offered the same benefits in terms of location. We were already where we needed to be.”
After considering all options it became clear that the best solution would be to make better use of the space they already had.
The solution was to install a mezzanine floor in the existing unit, which would increase floorspace by 70%.
Matthew Fazekas, an engineer who owns Promach 3D, said: “In order to increase our human resources and continue the development of young engineers within our organisation, I spent many months designing the layout of the floor and the new work areas.
“We are pleased with the results and it gives us a great platform to welcome new recruits, train more apprentices and expand our customer base. “We are thankful for the financial assistance and to our customers and staff for being patient during the disruptive period.”
The expansion project has been complete with new state-of-the-art machinery, which allows the firm to design and manufacture under one roof.
The D2 Enterprise Growth Fund is a partnership between Derby City Council, Derbyshire County Council, the European Regional Development Fund and the Government’s Regional Growth Fund to help small businesses in Derby and Derbyshire to expand and create good quality, long-term jobs. It follows the achievements of the Derby Enterprise Growth Fund in and around the city. The fund will now have two streams, DEGF and D2EGF.
Councillor Martin Rawson, city council deputy Leader and cabinet member for communities and city centre regeneration, said:
“Many businesses have the potential to grow and develop but don’t always have the cash flow available when they need it.
“Promach 3D is an excellent example of how funding made available at the right time can benefit an SME that in turn, supports a whole industry.”