FC Cartons secures funding for growth
FC Cartons, a provider of specialist gluing solutions to the carton and packaging industry, has successfully secured significant funding through the Derby Enterprise Growth Fund (DEGF). The grant will enable the company to invest in capital equipment and create a total of 12 new jobs by April 2015.
The funding awards are a mix of loans and grants for a variety of projects which include building, extending, updating or moving to new premises through to providing new equipment and machinery.
As part of its business growth plan, FC Cartons recently expanded its manufacturing facility with an additional unit on the Langham Park Industrial Estate in Castle Donington, doubling its capacity.
The DEGF support will enable the company to invest in state of the art machinery as part of a new, dedicated cutting and creasing department that will be housed in the new unit. This will increase its production capability and ensure FC Cartons is able to respond to the fast moving demands of its customers.
Despite a devastating fire that destroyed the original FC Cartons premises in 2006 the company which celebrated its 10th anniversary this year has grown steadily and now employs 23 members of staff.
The funding will support the company’s three-year recruitment plan to build its competitive advantage based on the skills and competencies of the best candidates. An estimated seven direct jobs are expected to be generated by April 2014 as a result, with another five to come later as part of ongoing developments.
“We are understandably delighted to have secured the funding from Derby Enterprise Growth Fund,” says managing director David Woodyatt. “This shows that Derby City Council recognises the importance of companies like FC Cartons and the support that our highly skilled workforce provides to companies throughout the UK.” “Our customers expect the very best in terms of our service. This requires significant investment in new employees and equipment. The grant will help us expand rapidly to meet the increased demands of our growing customer base.”