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Global manufacturer Guhring unveils new UK HQ in Birmingham

09 June 2017
Sector News

Guhring, a world-leading manufacturer of precision cutting tools, unveiled its new £12million UK headquarters in Birmingham’s Advanced Manufacturing Hub.

Marked by an official launch event, which saw 250 attendees, the opening of the new HQ will see Guhring create 50 new jobs and safeguard a further 75. This expands its offering to global clients including BMW, JLR, Ford, Nissan, Airbus & BAE Systems. With ambitious plans to double in size within the firm’s first five years at the Aston-based site, both skilled and entry-level positions will... Read more

New Rail Funding to Fast Track Innovation

22 March 2017
Sector News

The recently launched Rail Supply Growth Fund, managed by Finance Birmingham, has provided a funding package to Penso to fast track their innovation of new composite doors for trains.

The recently launched Rail Supply Growth Fund, managed by Finance Birmingham, has provided a funding package to Penso to fast track their innovation of new composite doors for trains. The funding package will help Penso to accelerate the innovation and production of their revolutionary composite design of a train door, a concept that they expect to see used on London Underground trains. The... Read more

Investment drives growth for Dunlop Systems and Components

13 July 2016
Sector News

Midlands-based manufacturer Dunlop Systems and Components has secured an investment from funds managed by Finance Birmingham and ABN-Amro Commercial Finance.

Deal will create 15 new jobs in the next two year Dunlop will use the funding to pursue growth plans in the UK and export markets Midlands-based manufacturer Dunlop Systems and Components has secured an investment from funds managed by Finance Birmingham and ABN-Amro Commercial Finance. The deal, for an unspecified amount, led by Springboard Corporate Finance, will support the firm’s... Read more

£1m investment drives Mercedes Benz production for Coventry manufacturer

05 July 2016
Sector News

A Coventry-based manufacturer that provides specialist modification to vehicles in the automotive, aerospace, defence and rail sectors has received a £1million investment

The deal will create 20 new jobs and safeguard 50 more over the next 12 months Penso City Vehicles will invest in vital tools for the production of the new Mercedes-Benz Vito Taxi Manufacturer backed by the £24m Tooling Fund – supported by the Regional Growth Fund – and the Advanced Manufacturing Supply Chain Initiative (AMSCI) A Coventry-based manufacturer that provides specialist... Read more

£1.2m funding from Finance Birmingham supports buy out of engineering firm

13 January 2016
Sector News

Finance Birmingham has invested £1.2m as part of a multi-million pound funding package for Tamworth-based manufacturer Precision Technologies International Limited (PTI)

Finance Birmingham has invested £1.2m as part of a multi-million pound funding package for Tamworth-based manufacturer Precision Technologies International Limited (PTI). The deal enables the company to be sold to a management team led by experienced entrepreneur Kevin Parkin. Supported with funding from Finance Birmingham, Panoramic Growth Equity, Management and Santander Invoice Finance, the... Read more