A Fylde-based manufacturer of high performance spring technology is set to create nine jobs after the building of a new factory.
Following a £67,000 grant from Regenerate Pennine Lancashire, supported by the Government’s Regional Growth Fund, Performance Springs in St Annes will build a new factory next to its current premises.
Managing director Steve Williams said: “The new plant will help us meet demands of the growing automotive sector and create nine full-time roles.
“The internal fit-out of the building and new machinery is being installed, so we should be producing products within the next few months.”
Performance Springs supplies products to sectors as diverse as motor racing, power generation and defence, with clients including Aston Martin and Bosch.
The facility will use custom-built production machinery to make the company more competitive by lowering manufacturing costs.
One of the primary objectives of Performance Springs has been to implement a successful growth strategy over the next three years.
To support this, a number of senior managers have undertaken a programme to improve their leadership and management skills.
Four senior managers took part in the Top Team Programme at Lancaster University Management School.
Product manager Brian McCabe, quality manager Martin Cook, company accountant Donna Prestwich, and customer services’ John Featherstone all took part in the programme.
Donna said: “It has been valuable to meet like-minded leaders and share our different techniques and styles of leadership skills, and the master classes provide an opportunity to learn from people who have completed previous programmes.”