Derby engineering firm Datum has beaten its target to create 15 new jobs. The company received £170,000 from the Derby Enterprise Growth Fund (DEGF) to invest in new premises and increase their business.
Two years later and celebrating their 20th anniversary, the company has exceeded their initial target and also created an additional eight jobs.
The funding assisted Datum with plans to relocate from three premises spread across Derby to a single location in a new purpose-built factory. The company produce composite products, patterns and models for a variety of businesses with specialisms in the rail industry.
Customers include Bombardier, Hitachi, Siemens and Alstom but the company’s engineering skills have also been employed in creating exclusive home wares for top end furniture designers.
Director David Taylor comments:
“We saw a massive opportunity to grow the business but timing our expansion was crucial. One of our largest customers had been successful in achieving a succession of important contracts. Our investment in the new premises, people and plant, gave them the confidence to believe we could meet their needs and help them to deliver. The DEGF fund helped us to invest at the right time.”
The new investment came as the business celebrated its 20th anniversary. From a background rooted in the Foundry industry and the supply of precision Pattern and Tooling, the company has grown and diversified to become market leaders in the supply of specialist glass fibre products (GRP).
The two divisions are complementary and allow Datum to provide a full solution to their customers. A good example of this full scope of supply is the new Crossrail Train for London. Datum supply the GRPh Cab fronts which are produced from CAD data to Master Pattern, to tool, to finished part and all under one roof.
With 20 years of experience in the sector the company is in a strong position to contribute to future growth of the Derby economy. Datum operates in a specialist sector and is always on the lookout for talented staff to help the company move into the next decade as a Derby employer.
DEGF was established as a £20 million recirculating grant and loan scheme, following a successful bid into the Regional Growth Fund. Derby City Council’s Economic Regeneration Team is proud to manage and deliver the Fund and delighted it is making a huge difference to the businesses supported and achieving fantastic results for the local economy.
Deputy Leader Cllr Martin Rawson and Cabinet Member for Regeneration and Economy said:
The company were in an ideal position to grow and create new jobs but didn’t have ideal working conditions to maximise the opportunity. Funding from DEGF enabled them to consolidate their business and build new premises which gave their customer base confidence in the company. This is an excellent example of how intervention in the form of the DEGF can help to bridge a funding gap and allow businesses to meet their potential. Derby City Council is delighted to have been part of the solution helping to create local employment.
To find out more visit the Derby City Council website: http://www.derby.gov.uk/degf.