Grayson Thermal Systems is to invest £2.6 million on expansion and research to develop new products with the help of the Government’s Green Bridge programme. Grayson, which designs and manufactures products for buses and coaches, specialist off-road vehicles and commercial vehicles, said prior to applying they were considering an expansion programme for new products and further exports.
Grayson has customers all over the world, including China, the US, Eastern and Central Europe and New Zealand and has opened Grayson North America and Grayson Poland, with a further programme of satellite businesses planned.
Chairman Graham Hateley said: “The Green Bridge programme is enabling our company to accelerate our business and investment expansion plans at a time of financial pressure on SMEs which are considering expansion.
“For any business that is going down the investment road, it is well worth considering applying for a Green Bridge grant as part of any expansion plan.”
Grayson, which has two extensive manufacturing facilities, dedicated engineering, research and test operations and a separate service centre, is working with Birmingham University on research and development and, says Graham Hateley, the Green Bridge programme will help them to do this.
He said: “Most of our current work is with the buses and coaches sector and we have done a lot of work with hybrid vehicles, but we would like to expand our products for the rail industry, bringing automotive sector lightweight material technology to this sector.“
The Green Bridge Supply Chain Programme has secured £15m in the latest tranche of funding available to SMEs in the local enterprise partnership areas of Greater Birmingham & Solihull, Black Country, Coventry & Warwickshire, The Marches, Staffordshire & Stoke-on-Trent and Worcestershire, part funded through the Government’s European Regional Development Fund (ERDF) and managed by Birmingham City Council.
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