Firm returns manufacturing to UK from Far East with support

October 19, 2015 11:20 am

SMPE Plant

One of the UK’s leading manufacturers and distributors of engine management products – Standard Motor Products Europe (SMP Europe) – has brought manufacturing of its high technology electronic systems and sensors back to the UK from the Far East, after securing a D2N2 Local Enterprise Partnership grant.

The business based in Little Oak Drive, Annesley, Nottinghamshire, is investing more than £320,000 in premises, plant and equipment; creating 11 new jobs already.

D2N2’s grant of £81,000, from its Unlocking Investment for Growth (UI4G) programme, purchased new plant and machinery; giving SMP Europe access to the latest technology needed to develop new electronic systems and sensors for the car market.

Suky Chahal, SMP Europe’s Group Finance Director, said: “The investment has meant we’ve been able to develop and produce new products, such as engine management sensors, here in the UK. It’s allowed us to make cost savings, offer shorter lead times and improve the overall quality for customers.

“We are gradually able to substitute bought in products with our own manufactured products and this will improve our margins, offer more competitive prices and create even more jobs.”

SMP Europe has already recruited 11 more production and warehouse operatives, taking the total number of full time employees at their Nottinghamshire site to over a hundred. The expansion of in-house production capabilities opens up increased opportunities for the business, including further product development and export growth.

David Ralph, Chief Executive of the D2N2 LEP, added: “We were pleased to be able to accelerate SMP Europe’s move into electronic manufacturing here in Nottinghamshire.

“The investment in new technology was strategically important for the business and there is no doubt that, without the grant, this project may never have happened.”

UI4G is now fully committed and is no longer accepting applications. Grants already approved will create over 400 new jobs and safeguard a further 350. The programme has inspired business owners in the D2N2 area to invest over £20million, alongside the grant support, to grow their businesses.

For further information about Standard Motor Products Europe and its products see its website at www.smpe.co.uk

To learn more about the support given to businesses by the D2N2 Local Enterprise Partnership’s UI4G scheme see its website at www.d2n2lep.org/UI4G

 

For further information on grants available to businesses in the Ashfield or Mansfield area, check the Invest Ashfield & Mansfield dedicated grants page which provides details and links for further information.

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