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

Fenland Big Weekender

Ten young entrepreneurs – between the ages of 14 and 19- are being offered the chance to make a name for themselves …..with a £10 note.

Yesterday, 17:05
Mick George Quarry Block Fen Mepal. Picture: Steve Williams.

A forensic genetics expert says trying to establish the identity of the severed head found at Mepal quarry will be extremely difficult if police have no leads to go on.

Yesterday, 15:05
Seth Dixon, 7, was knocked over and killed by Amy Asker in 2014

A motorist who knocked down and killed a seven-year-old boy while talking on her mobile phone was fined just £90 and given five points on her driving licence.

Yesterday, 14:31
Billy Lee

A memorial service is planned for popular trainee electrician Billy Lee who died from an aggressive form of cancer.

Most read stories

Most commented stories

HOT JOBS

Show Job Lists

Digital Edition

Image
Read the Wisbech Standard e-edition E-edition

Newsletter Sign Up