Chatteris firm secures major investment

17:26 08 April 2014

Metalcraft: aerial view

Metalcraft: aerial view


A Fenland manufacturer has secured nearly £1m investment to develop its work in the civil nuclear supply chain over the next three years.

Metalcraft: workshopsMetalcraft: workshops

Stainless Metalcraft, which is based in Chatteris and employs 162 people, has secured the funding from the Civil Nuclear Sharing in Growth (CN SIG) programme.

The scheme is a Government-backed programme to boost the UK’s civil nuclear supply chain following a three-month assessment period.

The company already manufactures vessels, tanks and heat exchangers for nuclear clients including Sellafield and Rolls-Royce.

It will now put in place a programme of investment and training to develop its offer, positioning the business to take advantage of growth across the civil nuclear sector.

Austen Adams, managing director of Metalcraft, said: “The initial assessment identified a number of areas of strength across the business and we are already taking steps to maximise these, as well as working to strengthen areas of our business where there is potential for real improvements.

“By approving this investment, the CN SIG Board has not only actively recognised our potential to become a significant player in the UK’s nuclear industry but has also demonstrated its confidence in our team to deliver results.

“With Government policy clearing the way for investment in new civil nuclear energy plants, we’re excited by the potential to develop our position in this important market, creating valuable training and employment opportunities for local people as we do so.”

Stainless Metalcraft is now working with the CN SIG team to implement a bespoke programme of training and investment at the site.

Running until the end of 2017, it will help investment in new technology, processes and equipment, as well as essential skills development across every level of the business.


More news stories

Norwood Road, March, aftermarth

The leader of Cambridgeshire County Council attacked a fellow March councillor accusing her of an attempt to “rewrite history” over road safety measures on the road where a Mercedes overturned and crashed.

Yesterday, 21:25
Elliott Johnson, who committed suicide in September.

Grant Shapps has dramatically quit the government after admitting he should have done more to deal with claims of bullying in the Tories’ youth wing.

Fri, 23:01
Aftermath of car that crashed into bungalows in Norwood Road, March

Police are investigating reports that the driver of a Mercedes that overturned after crashing into a bungalow tonight fled the scene.

Ely Christmas Lights Switch on 2015 (PHOTO: Rob Morris)

The bands played, children clambered on their parents shoulders, the panto dame and assorted characters mingled freely, eyes sparkled with anticipation and excitement – and the crowds went home happy and smiling.

Most read stories

Most commented stories

Digital Edition

Read the Cambs Times e-edition E-edition