£500,000 investment supports continued expansion at Doncaster Engineering Services Group.
Published: 9th December 2004
Photograph Shows: from the left David Best (SYIF investment director); Alan Bird (Jilland director); David Wilson (Jilland project manager); Peter B. Main (Jilland managing director); Ian Wright (Jilland director); Matthew Male (SYIF investment manager) at Rugby Cement, South Ferriby, Barton-on-Humber, where Jilland is currently undertaking a project.
An engineering services company that has increased turnover by three hundred per cent in the past five years has received major funding from South Yorkshire Investment Fund (SYIF) to support continued expansion.
The Jilland Group, based in South Parade, Doncaster, has received an equity investment of £500,000 from SYIF to help fund the purchase of capital equipment and further growth that will increase its workforce by more than 150 to over 400.
According to managing director, Peter Main, the company has grown since 1992 from a small engineering business into a company with orders totalling £23m and has increased its operational profitability by around 12 per cent a year. Originally a metal fabrication business, Jilland operates several divisions including engineering and fabrication, rail and utilities, structural services and demolition.
Its rail division provides a range of civil engineering services including repair and construction of bridges; signalling work and station refurbishment for Principal Network Rail Partners. The company is now a leading contractor in this sector and has completed more than 1m man-hours of work on the railways.
More than 60 per cent of the rail division workforce is former miners, including those who lost their jobs due to pit closures or ex-miners seeking a career change.
Said Mr Main: 'We have recruited heavily from the former coal-mining community and ex-miners now form the bulk of our rail division workforce. Their experience of working in highly regulated conditions where health and safety procedures are paramount and their commitment to quality makes them ideal for re-training as rail and utility engineers.
'The market is responding to both our services and our reputation for quality. This has fuelled the continued growth and expansion of our business in all the divisions that we operate. The SYIF funding will help us develop new markets whilst both increasing employment and supporting our current workforce through training and development.'
Matthew Male, Investment Manager, said: 'Jilland has established an excellent reputation in a number of sectors. This has led to rapid expansion and job creation, particularly among the former mining community. Our investment will enable the group to continue on its successful path and we are confident that it will achieve further growth.'
South Yorkshire Investment Fund offers a range of loan and equity investments, ranging from £15,000 to £2.5m, to help small and medium businesses bridge the funding gap that often hamstrings growing businesses.
For further information contact Ian Green or Chris Holland on 0845 4503210 or Alison Reid on 01709 386381 or visit the website at www.syif.com.
- Invitation to Tender for Fund Management Contracts
- Move to Barnsley
- Jobs boost from investment fund
- Finance Yorkshire looks to a future of investment
- New finance venture to boost businesses
- Screenprint displays the signs of success
- Doncaster hospitality company looks to the future
- Printing company gets it Wright with SYIF
- More Business & Investment News...
About South Yorkshire Investment Fund
South Yorkshire Investment Fund provided seedcorn, loan and equity linked investments, ranging from £15k to £2.5m, specifically to help small and medium businesses meet the gaps in funding they need for growth and development.
Created as part of the Objective 1 programme, the Fund is a private and public sector business finance provider. The European Regional Development Fund and Yorkshire Forward are investors in the Fund.
South Yorkshire Investment Fund also provided access to Business Angel investments from the Yorkshire Association of Business Angels and Microloans through BiG Business Loan Fund and Donbac Microloan Fund.
Finance Yorkshire has now taken on responsibility for providing gap finance in Yorkshire and the Humber.
For further details please contact Suzanne Tinkler, on 0845 649 0000.
South Yorkshire Investment Fund Ltd is a company limited by guarantee (Registered No 3936065). South Yorkshire Investment Fund comprises three sub funds, the South Yorkshire Investment Capital Fund, the South Yorkshire Investment Development Fund, which are each managed by YFM Venture Finance Limited, and the South Yorkshire Investment Small Business Fund, which is managed by Finance South Yorkshire Ltd. YFM Venture Finance Limited (Tel 0113 294 5000) and Finance South Yorkshire Ltd (Tel 01709 386 377) are each authorised and regulated by the Financial Services Authority. South Yorkshire Investment Fund also provides a number of services, which are not regulated by The Financial Services Authority. These include the pilot Seedcorn Fund, BiG Business Loan Fund, Mentorbank and access to the Donbac Microloan Fund. BiG Business Loan Fund is managed by Donbac Ltd (company registration No. 01925556) and Key Fund Yorkshire Ltd (Tel 0114 242 8900).