Business boost for UK with solar company’s government grant
A Midlands based manufacturer has been awarded £5million in government funding to build solar PV panels in the UK, in a bid to restore the country’s economy and bring new job prospects to the area.
Sunsolar, who were given the grant as part of the government’s Regional Growth Fund, will see the introduction of 565 new job opportunities and apprenticeships over the next five years. The company will be the only solar panel manufacturer in the UK, where competitors currently import from Europe and China and the company aims to eventually have a completely self-sufficient factory.
Rob Grant, Business Manager, at Sunsolar is particularly passionate about renewable energy and is certain the company will have a significant impact on business growth in the UK. “Having attended the Micro Generation at Westminster, we know there is a real buzz about the prospects renewable energy solutions have to offer this country. We all very aware of the effect the credit crunch has had on the economy, as well as the great need for renewable energy sources across the world. To be able to create a factory environment that will not only employ local suppliers to work with, but create new jobs and offer viable and inexpensive energy sources to the UK, is something we’re extremely excited about. And to achieve government funding is a true testament to the successful business model we have at Sunsolar and I can’t wait to get the ball rolling.”
The Regional Growth Fund is a £2.4bn fund of which businesses across England can apply for grants and loans from 2011-2015, for support projects and programmes that create economic growth and sustainable employment.
Sunsolar made it through the first round of grants and were one of only 50 companies to achieve successful grants from the Fund and have now signed the contract that allows them to start plans on the £10million factory development.
“As a company, we are working very hard to try to buck the negative trend within manufacturing and are keen to change the decline in the industry, particularly within the Midlands and are actively working towards bringing business back into the local economy,” Grant continued. “We hope the introduction of much needed jobs, use of local, UK-based suppliers and the running of a self sufficient factory will put the Midlands on the map for a significant improvement within the industry in the next 12 months.”
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