By Major investment in Grimsby engineering firm to bring 37 jobs to locals
The Grimsby engineering firm on Railway Street, Fowler & Holden (F&H), is creating jobs for local people after a major £250,000 investment from NPIF – FW Capital Debt Finance.
F&H was established more than a century ago in 1919, and operates a foundry, machine shops and a fabrication facility across its 20,000 square feet site – with an impressive £3 million annual turnover.
The business has been able to secure 25 jobs thanks to the major investment, and plans to create another 12 positions over the next two years.
The deal was secured by Andy Castle, the Executive of FW Capital Investment, after an introduction by Mike Asquith of Trusted Business Partner Ltd.
Mr Castle said: “F&H is a well-established business in the manufacturing sector that is successfully expanding and creating new employment opportunities.
“We are pleased to have been able to provide this funding to safeguard and create jobs for the local economy and to allow F&H to continue their ambitious growth plans.”
Tim Brooksbank, the Director of Fowler & Holden, said: “This investment has helped us to safeguard the jobs of 25 people and create 12 new roles in the manufacturing industry. FW Capital were very helpful and we greatly appreciate their support.”
Mike Asquith, of Trusted Business Partner Ltd, said: “F&H is a long-established and well-respected company and I am delighted they have been able to secure the funding needed to expand and create new jobs.
“I am always confident in recommending the services of FW Capital to my clients. As a funding partner, FW Capital is consistently willing to go the extra mile to support the businesses it works with.”
