After just two years in the building support business, Derbyshire company IG elements is investing in new premises and rapidly expanding its workforce with support from the Derby and Derbyshire Enterprise Growth Fund (D2EGF).
A shortage in skilled labour is fuelling demands for more modern methods of construction in an effort to reach government housebuilding targets and meet consumer needs. The solution proposed by the company, which is based in Overseal, Derbyshire, has been to build elements of the residential properties offsite in a factory controlled environment.
The firm applied for a grant from the Derby and Derbyshire Enterprise Growth Fund (D2EGF) – a partnership between Derby City Council and Derbyshire County Council to help small businesses in Derby and Derbyshire expand and create high quality, long-term jobs – to build elements of residential properties off-site in a factory.
Since producing the new house parts, the firm has partnered with house building giants including Barratt Homes, Taylor Wimpey and Persimmon, have partnered with IG Elements to deliver factory formed chimneys, dormers, door surrounds and other offsite solutions. Built mainly from Glass Reinforced Plastic (GRP), the house ‘elements’ benefit from all the advantages of offsite construction, including increased speed, improved safety and enhanced quality control.
Managing Director, Liam Kelly commented:
Partnering with these PLCs has ensured sustained demand to give the company confidence to grow. Our five year business plan will see us building a new factory and increasing the workforce from 50 to 120 by 2020. We are actively recruiting employees from management to apprentices.
A range of skills are required including joiners, laminators, paint sprayers and administrators. We would not have been able to grow this quickly had we not been able to access the D2EGF funding. We are committed to providing employment in Derbyshire and are proud to be able to contribute to the local economy of this area.”
The D2 Enterprise Growth Fund is funded by Derby City Council, Derbyshire County Council, the European Regional Development Fund and the Government’s Regional Growth Fund. It follows the achievements of the Derby Enterprise Growth Fund, the fund has recently been successful in bidding for additional funding to make the scheme countywide.
The funding has been awarded through the European Regional Development Fund (ERDF) and will enable DEGF to support a greater number of businesses wishing to invest in innovation and growth and job creation. The fund will now have two streams, DEGF and D2EGF.
Derbyshire County Council’s Strategic Director for Economy, Transport and Communities Mike Ashworth said:
We’re pleased we’re able to support this scheme to help small businesses which are an important part of the Derbyshire economy. Times are tough for small businesses so we welcome the opportunity to help them grow and create jobs.”
Derby City Council’s Enterprise Growth Fund Officer, Maria Marsden has been assisting businesses with DEGF applications for over two years and understands what makes a successful bid into the fund.
Support from the fund is usually applied for at just the right time to take advantage of a growth opportunity which is great for the local economy. IG Elements were successful in their grant application because they have the potential to create new jobs for people in Derbyshire.”
To find out more visit the DEGF website