Grainger & Worrall to receive prestigious multi-million pound development funding
Grainger & Worrall, the world’s leading total casting solutions provider, has been awarded a £1.2m grant to further develop its aerospace component production and development capabilities. The match-funded grant, which comes as part of the government’s Sharing in Growth (SiG) initiative, will be used to drive continued innovation at the high-precision engineering expert’s UK headquarters.
Provided to just 40 businesses nationwide, SiG is targeted at the UK aerospace supplier base, with the aim of increasing cost competitiveness, efficiency and world-class manufacturing performance. As well as closing the national skills gap, the funding project aims to double the size of the sector by 2030 and drive widespread economic benefit.
As part of the funding process, Grainger & Worrall will undergo rigorous due diligence and a detailed skills gap analysis. Once complete, Grainger & Worrall will work in partnership with organisations such as the National Physics Laboratory, Industry Forum, Inspire Training Solutions and Deloitte to implement a bespoke corporate development plan.
Benefitting all departments across Grainger & Worrall’s aerospace division, the funding will support individuals and drive significant expansion of the company as a whole, driving Grainger & Worrall’s continued growth in the aerospace sector.
Edward Grainger, director at Grainger & Worrall, commented: “We’ve built our global reputation in high-performance engineering by investing in two important assets – our operations and our people.
“Being awarded match funding to further develop our resources is extremely significant and will help us to continue delivering best practice across our manufacturing, engineering and administration processes.
“We currently work with a number of high-profile aerospace organisations, delivering groundbreaking projects and innovative next-generation solutions to customers across the globe. The UK is beginning to lead the way in aerospace technology and we believe funding projects, such as Sharing in Growth, will help to develop the sector further.”
The SiG match funding follows a number of recent successes for the world-leading total castings solutions provider. Alongside expanding its international service team with the appointment of a new European business development manager, Grainger & Worrall was recently recognised in The Sunday Times’ International Track 200 league tables as one of the UK’s fastest-growing export businesses.