We are pleased to announce that despite competition from more than 160 other companies, we have been awarded the government’s Green Shoots Fund.
As part of receiving the Green Shoots Fund we have received a grant of £30,000. With this grant, we will be purchasing new machinery, expanding our operations and creating more jobs in the local area.
Set up to help small and medium sized companies make the most of the recent upturn, the Green Shoots Fund comprises of money from the Government’s Regional Growth Fund, a multi-billion pot that is offered to businesses to help them expand.
Commenting on Techniswage being awarded the fund, Deputy Prime Minister Nick Clegg said to the Express & Star “The successful companies in the Green Shoots Fund are wonderful examples of the ingenuity and drive in the Black Country. And the Express & Star should be proud to shout about them.”
Techniswage being awarded the fund comes as Prime Minister David Cameron launches a campaign encouraging manufacturing in the UK.
Having been approached by BAE Systems to help on improving an existing design of lightening conductor guarding the carbon fibre radar dome for the fleet of Type 45’s.
Techniswage were able to fulfil their requirement through their subcontractor Lola. The brief was to reduce the diameter of a stainless steel tube in a stepped form to a smaller diameter over 2 metres in order to throw off vortexes created when the air circulated around the straight (non tapered) existing lightening conductor poles. The process was successful and all seven Destroyers were fitted out with the new system within the short window of 5 weeks whilst in dock.
The Birmingham Post (Graeme Brown, Regional Business Editor - 30.04.13) reported on the success of Techniswage in their Business pages.
Techniswage have seen a 30% increase in revenue since helping to make the stainless steel tubes that formed the famous Olympic cauldron centrepiece.
Techniswage have invested £100,000 in new equipment as a result of the increase in orders, including production for GKN Driveline of the new Maserati variant's prop shafts. Click here to read full article.