Expanding engineering firm secures £350,000 boost

A £350,000 funding package has been secured by a Wolverhampton-based engineering firm to support its plans to boost its infrastructure and create more jobs with a £1.5m site expansion.Lloyds Bank Commercial Banking has provided the funding to Varlowe Industrial Services, which has been established since 2003.The company provides specialist coded welding, steel fabrication, CNC machining and specialist pipework services to a diverse range of customers including Jaguar Land Rover, BMW and West Midlands Safari Park.As part of its growth plans, the business purchased a derelict property next door to its existing premises in Wednesfield, to develop a new manufacturing facility.The build, which has been delayed slightly by the coronavirus pandemic, is now scheduled to complete next month.The new building is four times larger than Varlowe Industrial’s original site and provides the firm with sufficient capacity to accommodate larger and more sophisticated CNC machinery.The additional space will also help the firm to diversify its offering to new and existing customers, which includes plans for a reactive breakdown service.The business, which currently employs 37 staff, expects to create at least ten new roles within the next year as part of its expansion.