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... You can carry on reading for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...