BCW a specialist in precision engineering for the aerospace and automotive sectors has secured development capital to accelerate its plans to achieve a £50m turnover in the next five years.
Chamber member, BCW Engineering has received a £200,000 loan from Lancashire Rosebud Finance, which is managed by Enterprise Ventures, on behalf of Lancashire County Developments Ltd (LCDL).
Brent Collins, managing director for the automotive division of BCW Engineering, said:
“BCW have welcomed the keen interest and encouragement of the Enterprise Ventures team during our growth period. This new funding will be utilised in gaining, amongst other objectives, NADCAP approvals which will further enhance the BCW Treatments business.”
Peter Rooney, investment manager at Enterprise Ventures, part of Mercia Technologies, added:
“We have been monitoring BCW Engineering’s significant growth for some time and having invested in skilled roles in key manufacturing sectors within Lancashire, they are now seen as a major employer in the Burnley area with ambitious plans for expansion.”