Family-run manufacturer creates 16 jobs with joint funding
A VACUUM forming company based in Leeds is expanding its premises, creating 16 jobs.
A joint funding partnership between Finance Yorkshire and Leeds City Region Enterprise Partnership totalling £365,000 in capital has enabled Vacform to acquire its premises on Felnex Industrial Estate.
The investment, along with support from Lloyds Bank will enable Vacform to extend its 22,000 sq ft facilities by 15,000 sq ft and install a power plant on site.
The company plans to employ another 16 people over the next two years, including apprentices to develop their workforce.
Vacform manufactures plastic products for industrial and commercial sectors, including cosmetic point of sale displays and vehicle interiors.
It employs more than 50 staff, and is a family run business since 1967. Since then, the company grow to a £4m turnover business.
Vacform managing director Kevin Quinn said: “The extension of our facilities with the upgrading of our power supply will increase our capacity and enable us to take on larger contracts. It will also improve the efficiency of our production processes.”
Roger Marsh, chairman of the LEP said: “Vacform are a growing manufacturing firm in the City Region and we were delighted to support their expansion with a business grant of £265,840.
“We are delighted to work with Finance Yorkshire and other private sector partners to facilitate the expansion of the firm’s facilities and create new jobs for the future. We encourage similar businesses, ambitious for growth, to contact the LEP and find out how we can support further business growth in the Leeds City Region.”
Alex McWhirter, chief executive of Finance Yorkshire, said: “We have forged strong working relationships with the Leeds City Region and the other LEPs in Yorkshire and Humber to enable successful manufacturing businesses like Vacform to achieve their aspirations while delivering prosperity and jobs to the regional economy.”
