Universal Engineering considered for Government Regional Growth Funding
Universal Engineering has been selected for consideration in the latest round of Regional Growth Fund submissions as announced by Deputy Prime Minister, Nick Clegg yesterday. CEO, Mike Hayle says ‘We see this as a positive endorsement for our company and look forward to working with government as they undertake the next stage of the process reviewing our proposals over the coming months.’
Mike added ‘We are hoping that with this investment, alongside considerable further investment from within our Group, we will be able to expand our opportunities in the oil and gas and the renewable sector as part of Project Sabre. We are working to increase our capability to deliver a full package of design and development, as well as manufacturing and fabrication for these markets. Once funding is received, we would also be able to expand our existing capabilities to support our current customers in naval and aeronautical markets’
Universal Engineering has seen considerable growth in its electrical division over the last six months, with parent company The Bland Group funding a major investment in new plant and staffing which is expected to be enhanced should the company be ultimately successful.
Universal recognise there is still some way to go to ensure it can undertake all the steps it is planning over the next three to five years, and to secure the RGF funds it has applied for. Over the coming years Mike Hayle and his team at Universal Engineering are going to be working closely with Weymouth College and other educational institutions in the South West to ensure they develop with them a world class apprenticeship and graduate training scheme in support of their plans.
During the bid phase for this funding the company were supported by a number of key local and national supporters and Mike’s thanks goes out to them.
During an interview with the media Mike noted ‘Success in this venture can bring significant benefit to the local economy, as well as the wider community and Universal Engineering is looking forward to the challenge.’
Further information from:
Mark Blunden - Marketing Manager
E: email@example.com M: 07734-035367