Partly Cloudy

Partly Cloudy

max temp: 19°C

min temp: 14°C

ESTD 1874 Search

The pigs are coming. Find out more about

Pigs Gone Wild

here.

Lowestoft: Pipeshield secures £100,000 from New Anglia LEP’s Growing Business Fund

06:00 13 February 2014

Pipeshield managing director Stephen Howlett.

Pipeshield managing director Stephen Howlett.

Archant Norfolk © 2013

The founder of Lowestoft-based Pipeshield says the business is looking to double sales and invest in new sites in the town and Great Yarmouth after securing £100,000 of funding to support its growth plans.

The firm, which creates protection products and services for underwater pipelines and cables, secured the cash from New Anglia Local Enterprise partnership’s Growing Business Fund.

Since the launch of the £12million fund last year, 25 businesses have been supported creating more than 290 new jobs. Smaller grants of between £5,000 and £25,000 will also be available in the next few weeks.

Established in 1999, Pipeshield was last year presented with a Queen’s Award for Enterprise after increasing its overseas business by 56% in the past three years.

Founder Steve Howlett said: “Our business plan is about growth and this grant has helped us spread the risk, as we expand our workforce and seek new contracts.”

Chris Dashper, Growing Business Fund manager at New Anglia, said: “We’re looking for companies to demonstrate how they could create a job for every £10,000 of grant. The application process is simple, straightforward and we’re keen for businesses to get in touch to discuss funding possibilities.”

: : To find out more about the fund visit www.newanglia.co.uk .

0 comments

Building work at Beardmore Park, Martlesham Heath.

Major plans for a new £8million retail estate in Martlesham Heath, including DIY store Wickes, and scores of new jobs have been confirmed.

Carolyn Fairbairn, director-general of the CBI.
Photo: Ben Watkins

Financial stability and neglected election promises should be the main focus for the Government following Britain’s vote to leave the Eurpean Union, business groups said today.

Robert Sheasby, East Anglia regional director at the Natinoal Farmers' Union.

The Government must ensure that British agriculture is not disadvantaged following the UK’s vote to leave the European Union, the National Farmers’ Union’s leader in East Anglia said today.

The London Stock Exchange.
Photo: Tim Ireland/PA

Suffolk shareholders are today watching in fear as more than £100bn was wiped off London’s FTSE 100 index within minutes of markets opening after Britain’s decision to leave the European Union.

Security gates at the EU Referendum in Manchester Town Hall. Photo: Peter Byrne/PA Wire

There is much uncertainty this morning as Britain wakes to news we will be quitting Europe, here Annabelle Dickson addresses the biggest questions right now.

HOT JOBS

Show Job Lists

Most read

Most commented

Topic pages

Streetlife

Newsletter Sign Up

Sign up to the following newsletters:

Great British Life

Great British Life
MyDate24 MyPhotos24