A specialist manufacturer and engineer of marine equipment is set to expand its operations overseas as worldwide demand for its products increases.
The United Nations state that the transfer of different species and microbes in ballast water – used to keep ships afloat whilst sailing – is a major hazard to human health and biodiversity. Due to this, ships must now treat their ballast water before making a journey. Coldharbour Marine, which specialises in ballast water treatment systems, is now looking to expand its engineering team by 100 to handle the increased demand.
Originally from South Normanton, Coldharbour Marine has been supplying the maritime industry for 35 years, is IMO (International Maritime Organisation) accredited and moved into a new 25,000sq ft, purpose built headquarters in Linby, Nottinghamshire last April, after a £1.25million investment, part-funded by a D2N2 Local Enterprise Partnership Unlocking Investment for Growth (UI4G) grant.
Coldharbour Marine was one of several businesses to benefit from D2N2’s Unlocking Investment for Growth (UI4G) grant programme. This was a programme set up to help businesses bridge funding gaps for expansions which would create jobs. It is expected that the D2N2 grant, along with the United Nations regulations, will help Coldharbour Marine Ltd will create 100 jobs.
D2N2 is a partnership between business, local authorities and universities which promotes economic growth and jobs creation in Derby, Derbyshire, Nottingham and Nottinghamshire. Its UI4G fund is supported by the UK’s Regional Growth Fund and the European Regional Development Fund, through the D2N2 Local Enterprise Partnership Investment Panel, and aims to create long term, sustainable jobs.
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 existing jobs. The programme has inspired business owners in the D2N2 area to invest over £20million, alongside the grant support of £4.7million, to grow their businesses. The programme is managed for D2N2 by EMB Ltd.