Firms looking to move forward as they share £1bn
THE Sentinel reported yesterday that WWRD's plans for the Wedgwood estate in Barlaston had secured a £5.1 million boost from the third round of the Regional Growth Fund (RGF).
The firm was among five successful bidders from the region taking a share of the £1 billion pot.
The others were the North Staffordshire Chamber of Commerce, which secured almost £4.2 million to set up a grant fund for growing businesses in the area, and Crewe luxury car-maker Bentley, which was handed an undisclosed sum towards the development of a new model.
Engineering group Goodwin International, which is based in Hanley but also has sites in Trentham and Newcastle, secured an undisclosed amount to expand its Leek Road foundry in Hanley and build a new apprentice training school.
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Chairman John Goodwin said: "The board are very pleased that our plans to grow employment in Stoke-on-Trent and profitability for our UK-based companies have been well received by the Government and we look forward to quickly agreeing and completing the final paper work so that we can get these projects up and running."
GE Power Conversion in Kidsgrove (formerly Converteam) received an undisclosed sum to create a centre of excellence for developing power converters for renewable energy.
Kidsgrove site leader Gary Lynch said: "There are still several steps to complete including due diligence over a three-month period before we can be sure of receiving the grant. "However, in the meantime, this gives us the opportunity to further define our strategy for Kidsgrove and consider how it can meet our plans to serve the renewable, oil and gas and marine business through the development of low voltage technology."