Company:Continental Product Engineering£130,000 grant from the Growing Business Fund creating 15 jobs £90,000 in R&D Tax Credits
Norfolk based Continental Product Engineering are specialists in natural gas and LPG equipment. They have been successful in securing a £130,000 grant from the New Anglia Local Enterprise Partnership’s Growing Business Fund for a factory extension which will create an additional 15 jobs to add to the existing 70-strong team.
The business has also worked with the New Anglia Growth Hub to claim R&D tax credits, which are designed as in Government incentive for companies to invest in research and development, after which they can apply for a reduction in Corporation Tax paid.
Managing Director John Burton is very pleased with the progress the business has made and the options that are open to them. “Our meetings and conversations with the New Anglia Growth Hub have been very fruitful. We are delighted at the help and support that is available. Things are looking really good at the moment.”