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UK firms avail of Textiles Growth Program funding program

The N Brown Textiles Growth Program is investing in UK manufacturing. It gives grants whereby companies can invest in new technology and equipment. Since the start of the program in 2014, 237 companies have been supported by the Textiles Growth Program, creating and safeguarding nearly 3,500 jobs and securing 87 million pounds of private sector investment through 20 million pounds of grant support.

After the Brexit vote, the textile industry is still showing the confidence to invest which is a healthy indicator that the sector is still growing. This is helped, in part, by government funding, and a strategy to invest in this industry.

One of the beneficiaries of the program has been TBA Textiles, a leading yarn manufacturer, supplying over 100 countries across sectors including construction, marine and transportation.

TBA will use the funding to secure its position at the forefront of the development and manufacture of high performance technical textiles. The funding will additionally allows TBA to invest in its local and wider community in the form of new job opportunities and apprenticeships. The company is planning to invest into its own manufacturing plant over the next two years. The investment marks a return to British roots for the business, which in recent years outsourced part of its production to the Netherlands.

 
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