A cash boost for a cutting edge engineering firm has led to four new jobs and a £320,000 laser cutting tool.
Stanton-by-Dale firm FC Laser scooped the prize for Most Promising New Business award in the Derbyshire Best Business awards in September.
The accolade led to Derbyshire and Nottinghamshire Chamber of Commerce (D2N2) awarding the firm, which is only two years old, more than £66,000 to go towards a second laser cutting tool, which has led to the creation of four jobs – increasing its workforce by a third.
FC Laser was set up by managing director Danny Fantom and is an industry leader in laser cutting and associated fabrication services, offering laser cut components to a number of different industries including aerospace, motorsport, retail and general engineering.
Mr Fantom said that without the grant from D2N2, supported by the Government’s recent regional growth fund, the new machine could not have been bought.
”It also paves the way for a further four new recruits in the next few years while helping to secure the existing jobs, which is excellent news for us as a firm and for the area,” he added.
Speaking in the House of Commons last month, Erewash MP Jessica Lee congratulated the firm on its award, which she said proved that ‘the entrepreneurial spirit is alive and well in Erewash and creating many jobs’.