Business & Invest | Published on: 6th June 2023
A successful firm has urged others to look into grant support after receiving a six-figure boost to help it grow.
Elemy provides engineering solutions bringing its glass reinforced polymers (GRP) to worldwide markets. It has grown from starting in a home office in 2019, to offering a full service from 3D modelling and design/engineering to fabrication and installation.
The firm has now moved to its base at Warrenby, Redcar, and has received £20,000 through the Tees Valley Business Growth Fund (via the European Regional Development Fund) and a Large Capital Grant award for £82,983.09, to help realise its growth ambitions at the site.
Elemy produces both GRP and Steel anti-slip products, staircases, walkways, handrails, and structures below ground.
Director Richard Brine used to work for British Steel and initially identified a gap in the market to supply high calibre products, often as a substitute to concrete and steel directly from overseas manufacturers.
The business has grown markedly over the past year-and-a-half, with the purchase of a 2-acre used scrap tyre site in Warrenby to enable the firm to manufacture their own products.
Mr Brine said: “Moving to this site has secured the longer-term plans of Elemy, and allows us to further develop our growing product and service offering across Rail, Energy, Utilities and Construction. We are very grateful to TVCA and other stakeholders who have seen our potential and supported this scaling up phase, providing continuity in our ambitions, securing employment and allowing further local job opportunities to be created.”
Elemy recently won the title of Small Tees Business of the Year at the 2023 Tees Business Awards, sponsored by the Tees Valley Combined Authority.
The grants will allow the purchase of a Wall Saw and Pillar Drill to support the company in carrying out fabricated work more efficiently.
It will also allow the firm to develop their new premises by upgrading an old building on the site to become offices and a sales room.
Tees Valley Mayor Ben Houchen said: “Elemy is yet another example of a brilliant growing local business nurturing talent and taking great strides forward. I’m delighted they’ve been given these funding boosts to go from strength to strength.
“When I became mayor, I wanted a business support service that was easy for our firms to use so they could get the funding and support then need without having to jump through endless hoops.
“This is another example of Tees Valley Business providing a one-stop shop to allow companies across Teesside, Darlington and Hartlepool to get the backing they need.”
To find out more about the support available, go to the Tees Valley Business website.
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