Success Story: MPL Fabrications increases turnover following grant support
Published: 06 June 2024
MPL Fabrications, an independent family business based in Coventry, has increased its turnover following grant support from Business Growth West Midlands and Coventry City Council.
The company, which has been operating for 40 years, supplies a variety of industries with light steel and aluminium fabrication.
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MPL Fabrications recently invested in a new press brake machine, replacing their existing machine, which had been encountering numerous problems and repair costs. The new machine, which cost £109k, was partially funded by a £15,000 grant from Coventry City Council, through the Business Growth West Midlands SME Grant Programme, funded by the UK Shared Prosperity Fund (UKSPF).
The new machine has improved productivity, energy efficiency, and business opportunities for MPL Fabrications. It has allowed the company to tender for different jobs, presenting a growth opportunity and safeguarding jobs within the business.
MPL Fabrications also received a full business review with a Business Growth West Midlands specialist Account Manager, raising the MD's awareness of the range of other grants and non-financial support available to them through various local schemes. These included marketing support, help with energy saving initiatives, and support on employment issues via Thrive At Work, energy saving schemes, as well as marketing support. The business also recieved tailored advice on property and planning, and maintain an ongoing relationship with their Account Manager in order to keep taking up approriate opportunities as they arise.
Kevin Duffy, Managing Director at MPL said: “Thanks to the funding we have been able to replace our 30-year-old press brake with a new Bysotronic ByBend Smart 160/3100. We were facing a situation where the prior machine was failing regularly and parts supply was nearly impossible. This new machine gives us vastly increased functionality, lower energy output and the ability to do more complicated jobs efficiently. In its first week, we have already managed to quote on a job we would have been incapable of doing on the previous machine. It should help increase our customer base, revenue opportunities and fulfil our company growth aspirations.”
Cllr Jim O’Boyle, Cabinet Member for Jobs and Regeneration at Coventry City Council, said: “This is a great example of how a relatively small grant can make a huge difference. Turnover is up, new markets have opened up and jobs that were previously outsourced can now be done in-house.”
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