Barbour receives investment from Regional Growth Fund
Business Secretary Vince Cable paid a visit to Barbour in South Shields to announce the Regional Growth Fund award and see how the £549,000 investment will be used to expand capacity and export to new markets.
As well as seeing the manufacture of the world-famous Barbour wax jackets, Cable met students at the Barbour Academy, a joint venture with Hartlepool College which offers apprenticeships and bespoke training for people considering a career in the textile industry.
During the visit, Cable said: "Barbour clearly has the right approach to skills and their Academy with Hartlepool College will ensure that they retain the diverse range of practical skills they need to stay ahead of the competition. Their Regional Growth Fund award will create over 130 jobs and help another British success story to meet demand for new growth markets abroad."
Brenda Readman-Bell, Barbour group finance director, added: "We support long term employment and commercial longevity in the North East and this grant will enable us to extend our current warehouse and factory facilities and secure additional employment opportunities.
"Barbour believes that the Regional Growth Fund support for British manufacturing and companies in the North East helps to raise the profile of Barbour as an internationally recognised brand built on quality and heritage and enables us to tell the market place that quality and service exists in the North East."
The Regional Growth Fund is a £2.6 billion fund operating across England from 2011 to 2016. It supports projects and programmes that lever private sector investment to create economic growth and sustainable employment.
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