Manufacturer creates jobs after landing funding deal

Derby-based manufacturer, Complexia, is set to expand and create seven new jobs following a £100,000 investment.

Complexia has received the funding from First Enterprise – Enterprise Loans through the Midlands Engine Investment Fund (MEIF) backed by the Coronavirus Business Interruption Loan Scheme (CBILS).

The cash will be used to invest in new machinery and assist the business with its expansion, with plans to move into new markets and bolster its presence in existing ones.

Complexia is a specialist in manufacturing polyurethane (PU) – a type of plastic. The firm was originally established in 2006 to supply PU parts to the automotive sector. It has since diversified and is now the leading UK manufacturer of cast PU edged tabletops, supplying the education sector.

The firm is well established within the automotive, education and furniture sectors, supplying high profile clients such as Jaguar Land Rover.

Now, business owner, Tony Arnold, is now looking to expand Complexia’s product range and diversify into other markets using his PU prototyping and manufacturing expertise.

He said: “In order to fulfil the growth potential of Complexia, we need to invest in new PU machinery and manufacturing facilities. The investment from First Enterprise – Enterprise Loans will be pivotal in making this happen and also puts us in a prime position to capitalise on new opportunities in the education sector as the government commits to building more schools over the coming years.

“The funding will also allow us to expand into sprayed PU edged tabletops, which are very popular within the educational furniture market at the moment.”

Sukhveer Chirrimar, investment manager at First Enterprise – Enterprise Loans, said: “We are delighted to be able to support Tony with his ambitious growth plans.

“His vast experience and passion for polyurethanes have put Complexia at the forefront of the PU prototyping and manufacturing industry and it’s great to be able to assist them with their expansion and, in turn, boost the local economy in Derby.”

Lewis Stringer, senior manager at British Business Bank, said: “This latest investment into Complexia demonstrates the versatility of MEIF funding. It’s great to see this important source of finance being used by the region’s businesses to continue to diversify into new markets and also expand product ranges and service offerings during this challenging period.”