£100,000 loan sets the scene for further expansion at Barnsley- based Atlas Event Construction: Investment supports move into larger premises and purchase of high-tech machinery
Published: 26th August 2005
A Barnsley-based design and construction company that specialises in sets, staging and stands for exhibitions and corporate events is expanding into larger premises and creating three new jobs with the help of a £100,000 loan from South Yorkshire Investment Fund.
The SYIF investment in Atlas Event Construction Ltd will also support the purchase of new computer-based machinery to speed up and expand production capacity.
Atlas was formed four years ago by its three co-directors Jim Roe, Ian Jones and Andrew Fielding and has established an international reputation for its work in designing and building sets and staging for exhibitions, conferences and other corporate events. Rather than focusing just on the construction of sets, Atlas also provides tailor-made designs, including computerised 'virtual tours' of proposed sites.
The 16-strong company has worked for leading blue chip clients in the pharmaceutical, finance and food sectors on contracts around the world including Australia, Asia, the United States and Europe as well as throughout the UK.
Atlas currently operates from two sites in the Bar Green area of Barnsley and in August will move into a new 9,000 sq. ft. combined production and administration building at the Wharncliffe Business Park, Carlton, near Barnsley.
Said Jim Roe: "Our success to date has been due to our focus on providing clients with an integrated design and build package tailor made to their requirements. The new premises will give us more space and better efficiency on a single site and provide space to expand further in future.
"The loan from SYIF provides additional funding for the expansion and the purchase of the latest CNC cutting machine that will help speed up production of bespoke products. They have been fantastic and provided not only financial support but also sound advice on our business processes which have been invaluable."
Allan Wood, Investment Manager, said: "Atlas is a young company that has come a long way in a short time by delivering clients high quality products and solutions. It has succeeded by offering bespoke design and construction services for a wide range of companies around the world and we are very happy to be helping the firm achieve the next stage of its development."
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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).