The £150,000 investment into the rapidly growing business takes UK Steel Enterprise’s investment in the Group to £500,000 in less than 18 months.
Since the first investment by UK Steel Enterprise, employment at the firm has grown from 65 to 150, and with the inclusion of temporary staff to meet peak demand, there are currently 230 people working at the Scunthorpe site.
In addition to the £500,000 invested, UK Steel Enterprise is also providing grant finance from its Access to Finance Scheme, set up with support from the government’s Regional Growth Fund. The funding has been used to assist the company in moving to new premises earlier this year and most recently to invest in additional equipment to meet increasing demand from customers.
Source: Abbeydale Food Group
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