MarchantCain to continue growing
Allesley-based MarchantCain is investing £200,000 into new machinery and staff after receiving support from the Coventry and Warwickshire Chamber of Commerce.
The investment by the firm, which has been described as one of the city’s best kept engineering secrets, will see it grow its team from 16 to 50 over the next four years.
The company has secured £40,000 from the Coventry and Warwickshire Business Support Programme to go towards the investment.
Tom Meredith, who joined the company as an apprentice four years ago and is now group finance director, said the firm has recently had to recruit more engineers to fuel its growth.
He said: “We have a growth plan that takes us to 2021 which would see us 50-strong.
“Of course, we are competing with other automotive manufacturers and suppliers in the region for great people but we believe we offer a really exciting career where no two projects are the same.”
He added: “We’re proud and delighted to be here in Coventry, which has such strong automotive links.
“The chamber has been excellent in the support they have given us and the grant will help us to execute the growth plans that we have in place.
“The support – both through the grant and additional assistance – has been critical in moving our plans forward.”
As well as providing support for the company’s growth, Pam Cain, of MarchantCain, has been working with Martyne Manning, head of policy at the chamber to highlight the issue of migrant workers and the potential loss of skills on the back of Brexit. Support will be provided to address these issues.
Helena Bassett, of the Coventry and Warwickshire Chamber of Commerce, said: “MarchantCain is a fantastic success story for the city and, yet, they are one of the best kept secrets too.
“They have been pro-active in looking for support because they can see the benefit it can bring to their business and their growth.
“We have been delighted to work with the company and to help a manufacturer to grow, as well as working with them on the potential loss of skills on the back of Brexit.”
Published: 08 December 2017