Automotive supplier supported to accelerate growth plans
An automotive engineering company which designs and manufactures parts for luxury car makers, is investing £200,000 in its growth after receiving assistance.
Coventry-based MarchantCain has plans to expand its team from 16 to 50 over the next four years.
The company has been awarded a £40,000 grant through the Coventry and Warwickshire Business Support Programme to support its ambitions. The funding will go towards the company’s investment in equipment and a reconfiguring of its headquarters to make space for more staff.
MarchantCain designs, prototypes and manufactures components for car manufacturers as well as start-up OEMs.
It specialises in mechatronic systems – such as the technology within a vehicle’s door that lowers and raises the window, and devices to redirect airflow around the car to aid aerodynamic performance and fuel efficiency.
It designed and made an underbody actuator for the Porsche 918 Spyder and the worlds-first installation of electro-chromatic glass and controls in moving side glass for the Bentley Grand Limousine.
MarchantCain’s finance directorTom Meredith said the firm has recently had to recruit more engineers to fuel its growth.
He said: “We have a growth plan that takes us to 2021 which would see us 50-strong.
“Of course, we are competing with other automotive manufacturers and suppliers in the region for great people but we believe we offer a really exciting career where no two projects are the same.
“The Chamber has been excellent in the support they have given us and the grant will help us to execute the growth plans that we have in place. The support – both through the grant and additional assistance – has been critical in moving our plans forward.”
Helena Bassett, of the Coventry and Warwickshire Chamber of Commerce, said: “MarchantCain is a fantastic success story for the city and, yet, they are one of the best kept secrets too.
“They have been pro-active in looking for support because they can see the benefit it can bring to their business and their growth. We have been delighted to work with the company and to help a manufacturer to grow, as well as working with them on the potential loss of skills on the back of Brexit.”
