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Lancashire Business Growth Fund (LBGF), an £8 million fund to stimulate enterprise across the County, is pleased to support another Lancashire business to invest in its future.

The fund has been able to support Walkersteel, probably the most recognisable name in UK steel stockholding. The company, based in Accrington, specialises in the supply of panel flat sheet, plate and blanks. Their in-house cut to length lines process coil to exacting dimensional tolerances.

Walkersteel has been successful in winning an LBGF grant of £75,210, towards the purchase of a Bruck mechanical perforator and the purchase of a Spiroflex machine 250. Specialist equipment the company requires as it continues to invest and expand.

James Dodgeon, MD of Walkersteel Ltd. said:

The business continues to grow and investment in new equipment is essential if we are to compete in an increasingly competitive market place. This investment will make us more efficient and lead to the creation of new jobs.”

He added:

“The total investment in the project is £376,051 and the support we have received from Lancashire Business Fund was a major factor in bringing forward our investment in this specialist equipment.

“We are committed to growing the business here in Accrington and receiving support to help us achieve this objective is very welcome.”

Once completed, the project will result in 7 new jobs being created. A further 4 jobs will be safeguarded.

Mandy Lockett, International Business Director of the East Lancashire Chamber of Commerce said:

“The project has now been running for some time and we have been able to help 51 companies across Lancashire.

“The money is only on offer until Spring 2017 so we would ask businesses across Lancashire to take advantage of it as soon as possible. Please give us a call to discuss your project ideas.”

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For more information please contact Stephanie Warrington on 01254 356473 or [email protected]