A North East fabricator of stone counters for bars and restaurants has picked up a share of a £2m local growth fund to boost its factory operations.
Peterlee-based EB Granite is one of 17 regional companies to benefit from a £1.98m investment by the County Durham Growth Fund.
It is not the only industry firm to be allocated funds – commercial catering supplier eCatering, which operates out of a 40,000 square metre warehouse in nearby Seaham, also secured a grant through the initiative.
The fund is managed by Business Durham, the business support service of Durham County Council in partnership with UMi, and aims to help local SMEs accelerate growth.
The capital grant funding supports both established and new businesses which are looking to either expand or set up new operations in County Durham.
EB Granite received a grant to invest in new machinery to improve efficiency and increase capacity.
Mark Ellis, co-founder of the company, said: “The business has grown every year since it was set up and the demand for our services was continuing to increase. We knew there was scope to bring in a lot more work but the machinery we had was outdated, around a decade old, and just wasn’t working as quickly and efficiently as we needed it to.
“We know we have an excellent reputation within the industry and people travel from all over the region for our products and services. The demand is there and with the investment we’ve made in the new machinery, with the funding we received from the Durham County Council programme, we know we’re now ideally placed to bring in bigger contracts that often require a faster turnaround.”