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Rubber company’s bumper boost
25 March 2010
Ley Rubber Ltd is the latest recipient of the Northwest Regional Development Agency's (NWDA) Grant for Business Investment (GBI), with £100,000 awarded to the Liverpool business.
Established in 1956, Ley Rubber is a manufacturer and importer of rubber products, hoses and corks for automotive, pharmaceutical and industrial sectors.
The company has identified significant deficiencies in the factory environment, recognising the need to relocate to a more modern premise, invest in key manufacturing equipment and develop the skills base of staff.
With increased investment and the purchase of modern equipment, Ley Rubber will be able to compete against cheaper imported products and increase turnover by a third over a three year period.
With 32 employees, the GBI assistance will enable Ley Rubber to create 7 new full time roles and safeguard a further 7 jobs over a 12 month period.
GBI is part of 'Solutions for Business', the Government's package of publicly funded business support designed to help companies start and grow.
Steven Broomhead, Chief Executive, NWDA said:
"The NWDA Grant for Business Investment will secure the long term future of Ley Rubber and enable this Merseyside company to compete alongside European competitors. Without NWDA intervention, the company would continue to operate in a less efficient manner and look at making cost savings elsewhere, such as consolidating the workforce.
"Not only will the project create new jobs, it will also safeguard several positions, create apprenticeship roles and strengthen the regional supply chain."
Mark Wealleans, Director, Ley Rubber said:
"After fifty four years of successful manufacturing from the dockside warehouse, it was clear that we had taken the current site as far as we could. Looking forward we were concerned that in fact we would now start to see a slow decline in the company after years of growth, as new customers were proving hard to impress and new technologies impossible to accommodate.
"All of us at Ley Rubber are very excited about our imminent move and the additional equipment, colleagues and training that will go with it. It is a pivotal moment in the company's long history that quite simply would not have been possible without the NWDA's assistance. We are grateful to all at the NWDA for their support and are determined to reward their faith with continued success during these difficult times."
The NWDA is playing a crucial role in response to the current economic downturn, with a number of actions being taken to meet the needs of businesses during these challenging times.
To keep updated on the range of support being offered by the NWDA visit www.nwda.co.uk/supportingbusiness
For further information on business support in England's Northwest go to www.businesslink.gov.uk/northwest
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Notes to editors:
For further information please contact Shelley Tattersall, Press Officer on 01925 400256 or mobile 07500 128482 or shelley.tattersall@nwda.co.uk for urgent out of hours press enquiries please call 01925 400259.
The Northwest Regional Development Agency (NWDA) works to deliver economic success in England's Northwest by building the competitiveness of its businesses, people and places. Utilising our technical expertise and strategic influence, we help the region's 250,000+ businesses to develop and grow, as well as supporting international trade and encouraging inward investment. For further information and to view previous press releases visit us at www.nwda.co.uk/press
