Member Article
Funding boost for Rotherham startup as new Northern Powerhouse Minister pays visit
Rotherham startup BA Clic, part of Yorkshire manufacturer BA Components, has landed almost £3m worth of investment to create new jobs in the region.
£2.5m of private sector capital coupled with a £440k funding package from the Sheffield Local Enterprise Partnership, a minimum of 40 jobs are set to be created at the company.
The money also secures the go-ahead for a new factory to enable BA Clic to develop and manufacture a new range of products targeting the kitchen and bedroom furniture industry.
Northern Powerhouse Minister Andrew Percy, who visited the firm on monday (August 1), said: “The investment is great news on Yorkshire Day and vital to help companies such as BA Clic get new factories and businesses up and running – driving growth and creating jobs.
“This Government remains committed to rebalancing the economy through creating a Northern Powerhouse, by devolving power to those on the ground and giving them the tools to get on with the job.”
Sir Nigel Knowles, Chairman of the Sheffield City Region LEP, commented: “It is great news that Andrew Percy is here in Sheffield City Region to mark Yorkshire Day and within his first couple of weeks as Northern Powerhouse Minister.
“This comes just days after he signed-off the legislation to put in place a mayor in our city region which is another step to making our unique devolution deal a reality. I would like to thank him personally for this swift and unequivocal act.
“This deal brings decision-making for our economic future closer to the residents and businesses within the region - one pot of £1.3 billion. This ensures continuity for our private and public sector partners, and the ability to plan ahead to ensure that the whole region flourishes for SMEs, family companies and some of the world’s largest corporations - all of whom contribute to our ongoing success.
“It is exactly this continuity and certainty that the deal offers that enables me to announce our £440,000 investment in BA clic which will create 40 jobs and £2.5m of private sector investment to support onshoring of production in this innovative, Rotherham-based SME which manufactures kitchen components.
“Our special devolution deal makes investments like this possible as we secure a more predictable future for the region against which we can plan and deliver growth and a strong economy in vibrant communities.”
Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →
Enjoy the read? Get Bdaily delivered.
Sign up to receive our popular Yorkshire & The Humber morning email for free.