At Parafix we continually invest in our capabilities; through investment in both equipment and our people. We have seen a steady increase in the number we employ as demand has grown in our target markets and over the last year we recruited for twelve new job roles, ten of which were filled by under 25 year olds.
We have also secured a contract that will generate even more vacancies. The contract required investment in state-of-the-art equipment, clean room expansion and an additional twelve members of staff. As a result, we have also introduced a second shift for the first time in the company’s history that will see the operation of production lines extended from 7am-3pm to 6am-10pm.
Parafix approached the financing of this investment by application to the Regional Growth Fund (RGF) for a Business Growth Grant. The RGF is a £3.2 billion fund, helping companies throughout England to create jobs between now and the mid-2020s. The fund supports projects and programmes that are using private sector investment to create economic growth and sustainable employment, with £2 billion awarded to almost 300 projects and programmes already.
Our application was successful and we were awarded a £100,000 grant to support the more than £400,000 required for the investment, allowing us to sign a new four-year exclusive deal to fulfil our customer’s requirement.
We now have one of the most advanced manufacturing lines in Europe, enabling us to manufacture adhesive components to the highest quality standards and more efficiently.
A number of our employees have been with us for well over 20 years. We’re excited to see a new generation enter the company and wish them as many successful years as have been experienced by current members of staff.