A Bolton based contract manufacturing company has been awarded a £250,000 grant to help it grow and create jobs.
Assembly Solutions Ltd, which specialises in the provision of electrical cable assemblies, control panels and wiring looms to a wide variety of industries, will use the grant from the Greater Manchester Investment Fund to help with the costs of moving into larger facilities close to Bolton Town Centre and to purchase additional manufacturing equipment which is needed to significantly grow the business over the next 8 years. Following their move in October last year, Assembly Solutions are forecasting to double their turnover and create 25 new jobs within the next two years.
The Fund is managed by the Greater Manchester Combined Authority and funded through the Government’s Regional Growth Fund.
Mike Blackburn, Chair of the Greater Manchester Local Enterprise Partnership said: “The Greater Manchester Investment Fund supports projects that drive economic growth and jobs. The board was impressed with Assembly Solutions’ ambitious plans for growth and, as such, was delighted to approve this grant on behalf of the Greater Manchester Combined Authority.”
Graham Balshaw, Managing Director of Assembly Solutions said: "This grant has enabled us to move into larger premises at least 2-3 years earlier than would have been possible. We are now in a position to continue our growth which should create 25 new jobs over the next two years."
Cllr Cliff Morris, Leader of Bolton Council said: “We are delighted that Assembly Solutions have been awarded this grant. We look forward to working with the company as they expand their business in the future and bring new jobs to the borough.”