CLM funding boost creates new jobs

CLM Group, the aerospace parts and components manufacturer, has received a £600,000 grant from the Northwest Regional Development Agency which will allow it to invest in new equipment and create 34 new jobs.

The Birkenhead-based company plans to use the funding to capitalise on the increasing use of composites and to increase its sales into the military and business jet sectors.

Managing director Geoff Stewart said the grant was recognition of the continuing need to grow and develop the aerospace industry in the North West.

He said: “The grant is a tremendous vote of confidence in CML and its staff. As we enter this new and exciting stage in the company’s development, we are delighted to have this support.”

The company is predicting that by 2011 sales will increase by £5.6m to £18.8m, while it plans to grow its workforce to 220.