Company:ASAMS Ltd£12,500 from Small Grant Scheme Improved productivity and competitiveness
New machinery opens door to automotive and aerospace industries
A Great Yarmouth company which tests metal components for the Oil and Gas industry is planning to expand into new sectors, with state of the art equipment part-funded by New Anglia’s Small Grant Scheme.
ASAMS Ltd has invested around £750,000 in recent years in refitting its laboratory, which tests metals for tensile strength, hardness, impact and corrosion.
Now, £12,500 from the Small Grant Scheme has helped the firm to invest a further £42,000 in a new milling machine. The new machine is not only faster, but can also machine a wider range of materials, enabling ASAMS to provide their testing services to the Automotive and Aerospace industries.
The company were offered free, impartial advice by New Anglia Growth Hub advisor Glenn Moore, who also guided the firm through the grant application process: “ASAMS is exactly the type of business the Small Grant Scheme was designed to help. This funding will not only improve the firm’s productivity and competitiveness, but also give it the opportunity to diversify and extend its expertise across a range of related industry sectors – creating resilience and potential economic growth in the Great Yarmouth area.”
Thomas Whiskin, Director at ASAMS Ltd, added: ”There was a lot of personal support during the process and we look forward to working with the New Anglia Local Enterprise Partnership on future expansion projects.”
The Small Grant Scheme offers grants between £1,000 and £25,000 to Micro, Small and Medium sized businesses wanting to grow and expand, improve their productivity or efficiency or introduce a new product or service. Since its launch at the start of 2017, the scheme has already awarded more than £650,000 to 81 micro and small businesses in Norfolk and Suffolk, matched by more than £3m in private sector investment. For more information, call the New Anglia Growth Hub on 0300 333 6536.