£15,000 has been awarded by the Regional Growth Fund to Rotherham-headquartered Bromley Sports.
The RGF grant – awarded via Close Brothers Asset Finance – has allowed the specialist sports equipment manufacturer to increase its in-house manufacturing capability.
CEO of Bromley Sports and former World Champion skeleton racer, Kristan Bromley commented: “Receiving the RGF grant has allowed us to invest in a vertical machining centre that brings our manufacturing process in-house.
“The success of our company stems from our innovation activity and our ability to identify new opportunities and act on them. With these new processes in place, we can now react faster to changes in the marketplace and reach towards our high growth ambitions of diversifying into new recreational sports markets”
The RGF supports eligible projects and programmes that are raising private sector investment to create economic growth and lasting employment.
Since its launch in 2010, it has invested £2.85bn to help local businesses grow and take on more staff across England.
Sales manager at Close Brothers Asset Finance, Chris Lillico added: “As an intermediary that delivers RGF grants on behalf of the Government, we were very happy to help Bromley Sports apply for support.”