Decision Maker: SCR - Business Growth Board
Decision status: For Determination
Is Key decision?: No
Is subject to call in?: No
Award of £50k grant to Company 52
subject to the conditions set out in the Appraisal Panel Summary
A report was received to enable the Board to take a decision whether to support the proposal of a Business Investment Fund (BIF) Made Smarter grant of £50,000 to a company that manufactures high end windows and doors, selling primarily to other window fabricators, installers and trade customers on a supply only basis.
The grant would allow the company to automate elements of production and introduce new digital to improve interaction with customers.
The project is estimated to create 5 FTE’s by 2021. This represents a gross cost per job of £6,000, considered acceptable value for money for the BIF Made Smarter investment.
Report author: Sue Sykes
Publication date: 06/11/2019
Date of decision: 23/10/2019
Decided at meeting: 23/10/2019 - SCR - Business Growth Board