Tag Archives: Funding

PM+M Helps East Lancs Box Co. Limited Secure Six Figure Lancashire Growth Fund Grant

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L-R: Andrew Cowking (PM+M), David Ingham, Peter Ingham, Amy Ingham & Neil Harrison

Andrew Cowking and the PM+M team have helped East Lancashire Box Co. secure a £120,000 grant from the Lancashire Growth Fund which will see the creation of 12 new jobs.

East Lancashire Box Co. was established in 1981 and is headquartered in Rishton near Blackburn. It manufactures bespoke cardboard box packaging and products. It offers a complete service, from initial concepts to the final product and handles all elements of design, print and production. The company’s product range is visible on the shelves of all the major supermarkets both within the UK and overseas.

The grant will be used to purchase new equipment including a state-of-the-art printer and a die cutter. The aim is to create a colour printing facility under one roof in 16,000 sq ft of new production space at the Junction 7 Business Park in Clayton-Le-Moors with the capacity to meet current and expected demand. The 12 new jobs will include apprenticeship and production positions.

Andrew Cowking – partner at PM+M – handled the forecasts for the grant application whilst Neil Harrison of The Harrison Partnership coordinated all elements of the grant application process, which was completed in just over 3 weeks from starting the application to the making of the offer.

Peter Ingham – director of East Lancashire Box Co. – said: This is a significant investment for the company and is an exciting milestone in our history. The grant will help to support our growth plans and will ensure that we are able to develop our offering and provide a bespoke service to all our customers – from small businesses to multinationals.

Andrew Cowking added: “East Lancashire Box Co. is a forward thinking family-owned business and one of the region’s most entrepreneurial companies. We were delighted to help them secure the grant and we look forward to seeing how it aids their expansion over the coming years.”


Funding – A Changing Landscape

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Many of us are aware that the funding landscape is changing. There are a now a wide number of funding options and providers. However, the landscape related article below demonstrates the propensity to raise funds even when the personal financial return is non-existent.

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The people who have contributed to the crowdfunding platform will probably see no financial return on their investment, but the required funds were raised in a very short time. So what does this tell us about raising finance in the current economic climate?

Firstly, there are clearly funds available for investment. Secondly, the return on investment does not necessarily have to be in financial terms. The simplicity in being able to directly raise funds from a variety of investors, means that any proposition can be put forward, even buying a beach!

Crowdfunding continues to grow in popularity and opportunities like the one above will only add to this. Raising this level of funding for an opportunity that will deliver no obvious financial return to the investors means that those crazy projects with the potential to be profitable should not be dismissed. It may not be possible to raise funds through traditional routes for many opportunities but crowdfunding may provide the initial investment that is required.

Traditional funding options such as the banks and private equity funds will continue to have a large part to play in the finance requirements of businesses and individuals. However, when the opportunity is a bit too quirky or lacking the level of return required by commercial institutions, then why not think out of the box. It can’t do you any harm and it may mean that you end up with a small part of your very own private beach somewhere!

Tim Mills – Corporate Finance Partner