A chemical manufacturer in Peterborough has secured a £100,000 grant to help grow the business.
Safapac, based in Stapledon Road, Orton Southgate, has been awarded the cash by the Greater Cambridgeshire and Peterborough Enterprise Partnership and the Eastern Agri-Tech Growth Initiative.
Martin Steele, managing director of Safapac, said: “We are one of Europe’s leading contract manufacturers of farm chemicals and in the next few weeks we will be installing a much improved production facility for the manufacture of herbicides that will be used by local farmers and others throughout Europe.”
The award is part of £400,000 handed out by the two groups to help agricultural firms to grow. Fountain Foods, of Upwell near Wisbech, was awarded £171,000 under the same initiative.
Mark Reeve, chairman of the Eastern Agri-Tech Growth Initiative and the Greater Cambridge Greater Peterborough Enterprise Partnership, said: “We are delighted by the success of the Eastern Agri-Tech Growth Initiative.
“So far, the grant scheme has invested over £2 million into projects across Cambridgeshire, Norfolk and Suffolk.
“By investing in such a wide range of agricultural projects - from an IT company seeking to develop a mobile application to help farmers become more efficient to chemical and food manufacturers looking to increase their productivity - the LEP is defining the future of our region’s agricultural sector by creating jobs, growing businesses and funding vital research.
“Our grants provide a unique opportunity for local businesses to grow and develop.
“The process is simple and straightforward, and I would encourage all businesses within the East of England’s agricultural industry to get involved with the scheme and apply for funding.”
Grants are available to organisations looking to invest in new market and supply chain development, ways to improve productivity and efficiency, and the progression, application and commercialisation of Research and Development.
You can find out more by visiting www.agritechgrants.co.uk or calling 01480 277180.