Surface Transforms - one more step
AimZine Microcap Comment
Brake specialist, Surface Transforms, announced this morning that it had secured grant funding totalling £600,000 which will be used to enable the Company to move to a larger factory later this year.
Surface Transforms (AIM: SCE) http://www.surface-transforms.com/ Surface Transforms has accepted an offer from Merseyside Special Investment Fund for a package of £500,000 financial support via the Regional Growth Fund. The package is made up of a £200,000 grant and a zero interest loan of £300,000. The loan is repayable in accelerating amounts from May 2019 to May 2022. In addition, Knowsley Council has also offered financial support to establish the new factory. A condition of the grant is that the planned factory expansion is in the Liverpool City Region. The Company further confirmed in the announcement this morning that it has…