e2v, the leading technology solutions provider, was awarded a £3.7m grant in 2012 from the Government’s Regional Growth Fund (RGF), administered by the Department for Business Innovation and Skills (BIS).
The grant supported an investment from e2v of £10m, to advance the Company’s growth plans within its Space Imaging division. This investment has built on e2v’s established position as the leading manufacturer of imaging devices for space exploration and earth observation, moving the Company into the broader management and supply of sub-systems and solutions.
The RGF grant has enabled e2v to successfully carry out a number of activities, including the accelerated development of image sensor technology for space, the development of sub-system projects (with the first nearing completion) and importantly, aiding in the growth of the Space Imaging division with new job creation above the original RGF plan.
Matt Perkins, President of e2v Space Imaging, commented, “The RGF plays a pivotal role in the development and growth of business across the UK and at e2v we are no exception. This additional funding has supported our strategic plan for growth and shows a genuine commitment on behalf of the UK Government to support manufacturing and sustainable high-level job creation in the UK.”
The RGF is a £2.4bn fund that has been administered across England from 2011 to 2015, intended to stimulate enterprise by providing support for projects and programmes with significant potential for creating long-term, private sector led economic growth, employment and export opportunities.
For more information about e2v visit www.e2v.com
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Media Contact: For enquiries about this press release contact: Jennifer Spencer-Charles; Jennifer.Spencer-Charles@e2v.com
Notes to Editor:
About e2v: e2v is a leading global provider of specialist technology for high performance systems and equipment delivering solutions, sub-systems and components for applications within Medical & Science, Aerospace & Defence, and Commercial & Industrial markets. e2v employs approximately 1750 people, has design and operational facilities across Europe, North America and Asia, and has a global network of sales and technical support offices. e2v has annual sales of GBP220m and is listed on the London Stock Exchange.
About the Regional Growth Fund: The Government’s Regional Growth Fund has invested nearly £3bn to help businesses in England to grow, so far generating over 100,000 jobs. With 56 new awards granted in the latest round of funding and a further seven awards granted through exceptional RGF support (announced on 12 February 2015), a total of £297m has been awarded to 63 projects and programmes in order to create and safeguard thousands of more jobs and unlock an additional £1.5bn private sector investment.
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