The grant contributed 20% towards an overall investment project that saw the business install a mezzanine floor to expand premises and increase workforce at Victory Rd, Derby.
Launched in 2004, Promach 3D specialise in the design and/or manufacture of conventional and complex components working from drawings, CAD models or existing parts, primarily for the aerospace, rail and motor sport industries.
By 2009 the business was ready to move into larger premises and chose a location that placed them right at the centre of the manufacturing industries in Derby. However, just a few years later the expanding business had already outgrown the purpose built unit at Victory Rd.
Managing Director Martin Spooner explains why the directors were reluctant to relocate:
We like to work in partnership with our customers, collaborating on R&D projects. Being at the heart of a manufacturing district allowed us to be accessible and responsive. Location was key to being able to work as an extension of our customers own teams.
However, the building was no longer viable for growing the business and restricting our ambitions for the company. No other premises available at the time, offered the same benefits in terms of location. We were already where we needed to be.”
After considering all options it became clear that the best solution would be to make better use of the space they already had. The solution was to install a mezzanine floor in the existing unit which would increase floor space by 70%. The full expansion project complete with new state of the art CNC machinery complemented by CAD, CAM software and 3D printing, allows design and/or manufacture all under one roof. Results include a healthy order book based on increased customer confidence and an excellent reputation within the elite precision industries.
The D2 Enterprise Growth Fund is a partnership between Derby City Council, Derbyshire County Council, the European Regional Development Fund and the Government’s Regional Growth Fund to help small businesses in Derby and Derbyshire, like Promach 3D, to expand and create good quality, long-term jobs.
It follows the achievements of the Derby Enterprise Growth Fund in and around the city; the fund has recently been successful in bidding for additional funding to make the scheme countywide.
For more information visit http://www.derby.gov.uk/degf