Central Finance, a Midlands based, independent FCA approved finance broker secured a whopping £100,000 grant to part fund Worcestershire business Witley Jones Furniture to purchase new premises near to their current premises to expand their floor space by 5000 sq., ultimately increasing production of bespoke furniture by 20% for education sector clients and creating an additional 11 jobs for area.
The independent commercial financial services provider sourced the £100,000 grant through The Worcestershire Growth Fund, administered by Worcestershire County Council and part funded by the European Regional Development Fund for the Stourport on Severn-based business.
Witley Jones Furniture Ltd based at Sandy Lane Industrial Estate has been trading since 1996. Specialists in bespoke design manufacture and installation of high-quality education furniture for clients in the UK, Europe and across the world, Witley Jones Furniture is a progressive business that consistently develops their offering.
Chris Jones, Managing Director, Witley Jones Furniture Ltd says: “The variety of work we do here at Witley Furniture Ltd requires significant experience, high-quality workmanship, the very best machinery and technology and more importantly a significant space to house it all. To continually develop and diversify our products, ensure our products are the highest quality on the market, and keep up with demand, we needed to invest in machinery and additional premises.
“To purchase the property was going to be a huge financial commitment for the business, and I had heard of grant funding for manufacturing businesses was available in Worcestershire and called Central Finance directly due to their grant funding success. It was clear after meeting Alison, who has years of experience working with manufacturers to access Grant funding that Central Finance would help us achieve our goals and invest in our future.”
Alison Bradley, Managing Director, Central Finance, adds; “Working with Chris to achieve a six-figure grant package to purchase additional premises to increase production and ultimately turnover has been a real success story for both Central Finance and Witley Jones Furniture.
“It is largely believed out there in the business world grants are a thing of the past, and funding has dried up. However, there are pockets of funding available for the right business that meets the right criteria. This is why accessing grant funding does require significant experience to be successful. Central Finance is one of the only FCA authorised commercial finance brokers in the Midlands who advise clients on grant funding, and I am incredibly pleased to have achieved this grant funding support for Witley Jones to fund the purchase of their new premises to expand their business.”
Chris Jones goes on to say: “Alison took the time to understand our business, our trading history, our clients, our sector, our business plan and growth potential with new premises. Central Finance’s track record in grant funding is outstanding, and their ability to understand the funding criteria and small print has effectively given us the money to develop and exciting the future for Witley Jones Furniture.”