Member Article

Sheffield panel firm secures £90k grant for new factory

Sheffield-based Panel Systems, a manufacturer of decorative and composite panels, is celebrating opening a dedicated CNC machining and cutting services factory at Waleswood in Sheffield, after securing an RGF (Regional Growth Fund) grant of £90k.

The company has made a total investment of £150,k in plant and equipment at Waleswood, forming a dedicated new CNC Machining & Cutting services division.

This will broaden Panel Systems’ CNC machining capabilities for products supplied to the construction, furniture, automotive, caravan and leisure equipment industry.

The firm has also been able to create ten new jobs with the creation of three new dedicated divisions.

Chris Ibbotson, managing director of Panel Systems, said: “This is a very exciting time for our business. With three clear dedicated divisions, we have ambitious plans for the future, based on our expertise and use of the latest technology.

“We are delighted to have been awarded Regional Growth Fund (RGF) funding from the LEP’s “Unlocking Business Investment” programme which has enabled us to invest in our new factory and it is fantastic to be able to create new jobs here in Sheffield in our 40th year.”

Over the past 40 years, Panel Systems has built a reputation for offering innovative, bespoke panel solutions for a diverse range of markets.

Panel Systems has also invested in new 3D CAD/CAM software to improve its capability and offer improved customer service across all three divisions.

This was posted in Bdaily's Members' News section by Clare Burnett .