Advanced manufacturing company, Plura Innovations has been granted £350k funding from the Northern Powerhouse Investment Fund (NPIF) to extend their facilities in Wirral.
The company develops products made from composite materials and recycled plastics and has, up until recently, used China for the majority of it’s production.
The £350k investment by NPIF is part of a larger £1m funding package for Plura Innovations, which supplies products to customers including Network Rail, Royal Mail and UK Power Networks.
Plura was founded in 2013 and is led today by managing director Andrew Wright and co-directors Graeme Pringle, Colin Laidlaw and Greg Parkin. The firm has a turnover of £1.2m but expects that figure to double this year.
Andrew Wright said: “Bringing our manufacturing back to the UK brings production closer to what will be our largest market and also cuts costs. We can also control the raw materials better as they are more readily available and much better quality here.
“Our products include innovative security fencing made from lightweight composite materials which are very safe to use as they don’t conduct electricity.”
“This is really important particularly to companies that have workers on sites and members of the public nearby, where there is a high risk of electrocution such as in the rail and power sectors.
“We needed funding to enable us to increase our manufacturing capacities and capabilities and invest in live testing sites so that we can demonstrate the products to potential customers.”
Source: The Manufacturer