£2.4m investment brings new home for automotive supplier
A fast-growing automotive parts company has expanded into new premises, following a £2.4m investment by the West Midlands Combined Authority (WMCA).
Mayor of the West Midlands Andy Street, who chairs the WMCA, was given a tour of the new Park Sheet Metal base at Bermuda Business Park in Coventry to see first-hand how WMCA funding is helping to kick-start new commercial developments and bring former industrial land back into use.
The WMCA used its Collective Investment Fund to support developer Warmflame Developments in providing the premises for Park Sheet Metal to expand its operations.
Coventry-based Park Sheet Metal, which was founded in 1947, supplies niche car makers including Aston Martin, Bentley and Jaguar Land Rover.
The Mayor said: “The West Midlands is long established as the home of the UK’s automotive sector, but now it is time to take that to the next level and become a global leader.
“We can do that by investing in state-of-the-art battery technology and create an automotive cluster that features innovation centres, research centres and production plants.
“That will help our region’s automotive parts companies – like Park Sheet Metal – to grow and thrive.
“So it’s great to come here and see how WMCA money is helping developers like Warmflame get stalled schemes up and running to provide high quality and much-needed commercial premises for companies like Park Sheet Metal.”
Mark Barge of Park Sheet Metal Ltd added: “We have ambitious plans to grow our business and it has been a key focus to secure an additional site for our warehousing and distribution. We are happy to have now secured a quality site in a good location.”
The unit in Harrington Way, was redeveloped by Warmflame after it acquired the premises from Milsco earlier this year. The newly renovated unit has brought 0.74 acres of brownfield land back into use.
The unit had been vacant since former occupiers, US based Milsco, closed their UK operation.
Frontier Development Capital Ltd provided access to the £2.4m WMCA funding.
