Black Country manufacturer secures £1.8m investment

Left - Giovanni Finocchio, investment director, Midven Centre - Simon Price, managing director, CFP Composites Right - Sean Hutchinson, senior manager, VC Solutions, British Business Bank
CFP Composites, a manufacturer of ultra-lightweight and cost-efficient heat resistant materials used to replace heavy metal parts in a range of applications, has secured a £1.8m funding round to bring its next-generation carbon fibre panels to market. Venture capital firm Midven announced a £750,000 investment from the Midlands Engine Investment Fund (MEIF), alongside a further £1,078,000 from private investor network Growthdeck. The Dudley-based firm has developed a time-and cost-efficient automated process which pro... For the full story register now for free or login below...