Chatteris firm secures major investment

17:26 08 April 2014

Metalcraft: aerial view

Metalcraft: aerial view

Archant

A Fenland manufacturer has secured nearly £1m investment to develop its work in the civil nuclear supply chain over the next three years.

Metalcraft: workshopsMetalcraft: workshops

Stainless Metalcraft, which is based in Chatteris and employs 162 people, has secured the funding from the Civil Nuclear Sharing in Growth (CN SIG) programme.

The scheme is a Government-backed programme to boost the UK’s civil nuclear supply chain following a three-month assessment period.

The company already manufactures vessels, tanks and heat exchangers for nuclear clients including Sellafield and Rolls-Royce.

It will now put in place a programme of investment and training to develop its offer, positioning the business to take advantage of growth across the civil nuclear sector.

Austen Adams, managing director of Metalcraft, said: “The initial assessment identified a number of areas of strength across the business and we are already taking steps to maximise these, as well as working to strengthen areas of our business where there is potential for real improvements.

“By approving this investment, the CN SIG Board has not only actively recognised our potential to become a significant player in the UK’s nuclear industry but has also demonstrated its confidence in our team to deliver results.

“With Government policy clearing the way for investment in new civil nuclear energy plants, we’re excited by the potential to develop our position in this important market, creating valuable training and employment opportunities for local people as we do so.”

Stainless Metalcraft is now working with the CN SIG team to implement a bespoke programme of training and investment at the site.

Running until the end of 2017, it will help investment in new technology, processes and equipment, as well as essential skills development across every level of the business.

0 comments

More news stories

16:39
Chapel road car park.Wisbech.

Police and council officials are working to make sure there is no breach of the peace after about 30 gypsy vans parked at the rugby field in Wisbech.

15:48
Bee Hotel  launched by facet and Sainsburys. Students from Facet with the Mayor of March Rob Skoulding and Michelle Connolly Sainsbury's PR ambassador. Picture: Steve Williams.

Busy bee students were out in force at the side of Sainsbury’s in March to plant a wildlife haven in March town centre.

14:15
Birds nest in tractor engine at  WWT Welney Wetland Centre.

A tractor engine is out of action at the WWT Welney Wetland Centre thanks to a family of pied wagtails and their four chicks ... who have nested in the engine.

11:56
IMG_0823

People have been getting fit and healthy thanks to a five week lifestyle course.

Most read stories

Digital Edition

Image
Read the Wisbech Standard e-edition today E-edition