What does the business do?
Bernard Holmes Precision Ltd are a specialist CNC machining and prototype company based in Billingborough, producing specialist components in a wide range of materials including stainless steel, aluminium, cast iron and plastics.
Why did they need the grant?
Bernard Holmes was approached by a large local company who wanted to give a lot of work to the company. As a result, they needed to build extra capacity and improve efficiency to cope with the extra demand.
Bernard Holmes Precision Ltd received a grant of £21,000 towards a second-hand CNC machine, purchased from the Mercedes Formula One factory at Silverstone.
What was the process taken for acquiring the grant?
Kay Pryszlak, director of Bernard Holmes, contacted Grants4Growth for funding support, having accessed the funding programme on a previous occasion. She knew that the process for the grant would include the quick turnaround that she needed to purchase the equipment, in order to expand the capacity of the business to meet the extra demand. Kay was guided through the process quickly and received the grant approval within a month of the application.
How has the grant received from Grants4Growth helped the business?
The Matsuura machine, being fully automated, has helped to improve productivity by reducing machining downtime and providing additional production capacity for the Billingborough based family business.
Off the back of the investment, Bernard Holmes forecasted an increase in turnover of between 10-20% and an opportunity to create an additional two or three new jobs.