A DEARNE-based logistics firm has been awarded more than £1 million funding to expand its operation, which could see the creation of up to 20 new jobs.
RediGroup, a manufacturer and supplier of pallet racks, received the grant from the Regional Growth Fund (RGF) and won high praise from Deputy Prime Minister Nick Clegg.
The company intends to use the money to build an ‘Automated Warehouse Innovation Centre’ close to its headquarters at Wharf Road, Kilnhurst.
The firm will also be putting money into the project, bringing total investment to more than £4 million over the next five years.
A spokeswoman said work on the new warehouse would begin immediately and is due to be ready for opening in the summer.
She suggested around 20 new jobs could be created although there is no specific figure on employment opportunities at this stage.
Announcing the funding award, Mr Clegg said: “I’m delighted that RediGroup can grow and innovate thanks to a £1 million cash injection from the RGF.”
The company will use their new base to develop research and trial new technology systems.
Andrew Forsythe, managing director, said: “We are delighted to have received this substantial sum from the Regional Growth Fund.
“In all, we will be investing over £4 million over the next five years. Significant expenditure is required to develop blue print solutions using test rigs and robotics and, of course, for the actual development of the Innovation Centre.
“Research engineers will be recruited and expertise in engineering systems and software modelling will be accessed through research institutes and other supply partners.”