Huddersfield stairlift firm reaches new heights with £100k investment boost
A Yorkshire-based stairlift manufacturer has secured a six-figure investment to create new senior roles and invest in new technology.
Bespoke Stairlifts has secured £100k loan funding from Finance For Enterprise and the Northern Powerhouse Investment Fund (NPIF).
The firm plans to use the loan funding to create four senior roles in the business, as well as investing in a new assembly line in order to meet growing demand.
Gavin Finn, managing director at Bespoke Stairlifts commented: “In recent years, we’ve enjoyed significant growth in a number of international markets.
“However, successive lockdowns in countries around the world have affected our business considerably and placed significant pressure on our cashflow, as a result of delays in our supply chain.
“We recognised that it was vital for our business to take steps to adapt to the changing marketplace, enabling us to tap into the growing demand for our products, whilst restructuring our operations to help us operate more effectively. “
He continued: “We knew some additional funding would be required, and after spending time researching our options, we reached out to Finance For Enterprise for advice. The support we received from Jeremy was terrific.
“He kept us updated throughout the loan application process, and I was amazed by just how quick and straightforward the application process was, which enabled us to act swiftly.
“As a direct result of the funds we secured, we’re on track to enjoy one of our best year’s trading to date, as well as helping us to lay the foundations for future growth.”
Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →
Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.
Enjoy the read? Get Bdaily delivered.
Sign up to receive our popular Yorkshire & The Humber morning email for free.
Understanding the new Employment Rights Act
Why global conflict is a cyber risk for UK SMEs
Improving safety and standards in construction
From economic engine to community ecosystem
Improving North East transport will improve lives
Unlocking investment potential before year end
Give us certainty to deliver better homes
Hormuz: Safe passage - not insurance - the issue
Don't get caught out by employment law change
When literacy thrives, our businesses thrive too
Building a more diverse construction sector
The value of using data like a Premier League club