Invest in Renfrewshire has successfully signed up the 250th company to the initiative in their aim to boost the local economy and support youth unemployment.
Preston Components Ltd, a local engineering company, are one of the most recent companies to sign up to the council run Invest in Renfrewshire programme. Based in Hillington Park, the company will receive financial help towards the purchase of new machinery through the scheme. The funding they receive will also help towards their marketing and the creation of a new website.
Robert Campbell, the firm’s managing director, said:
“We are about to invest a six-figure sum in new computer-numerically-controlled machines as part of a major refurbishment of our factory ahead of a new contract with Rolls Royce.
“Having this help from Invest in Renfrewshire will make a huge difference to our future plans.”
Preston Components Ltd employs 14 people and provides machining and fabrication services for a number of major local firms, including Rolls Royce, Diageo, Scottish Leather Group and Chivas.
Renfrewshire Council Leader Mark Macmillan paid a visit to Preston Components Ltd to congratulate them on being the 250th sign-up, and to see for himself where the funding will be going.
Councillor Macmillan said:
“Boosting the local economy and creating opportunities for young people are two of the biggest priorities of this council.
“We have made a significant investment in this area, despite the challenging financial climate.
“Renfrewshire is home to a wide range of companies and we are determined to create an environment in which they can prosper.
“As Invest in Renfrewshire approaches its first anniversary, we want businesses throughout the area to see how the scheme has benefited others and to be aware of the range of packages available to them.
“I would encourage any businesses which have not already done so to get in touch with our economic development team, who will advise on the support they could offer.”