Reporter: Colin Henrys
Date online: 19 October 2012
Photo: Gareth Walker
Don Whittle, HR Director of Holroyd Precision Ltd with Business Minister Michael Fallon
A ‘world-beating’ manufacturing company will press on with plans to build its European headquarters in Rochdale after Business Minister Michael Fallon gave his personal approval for funding on a visit to the site today.
Holroyd Precision, part of the Precision Technologies Group Ltd, will receive £2.8 million from the Government’s Regional Growth Fund - the third round of which was also announced today.
The North West region will receive £77 million from the latest round of funding, and Mr Fallon believes that Holroyd - who applied for money in the first round of funding in 2011 - have set the standard as to what can be achieved.
“There is an absurd idea that we do not make anything any more but here we have a world-leading manufacturer operating from Rochdale which is terrific,” he said.
“It is a leading business around the world and expanding. It is a huge tonic for the area that they have chosen to build their European Headquarters here.
“The funding has made the difference. It is £2.8million of our money and that’s made the difference.
“If we hadn’t made the funding available who knows? It may have been built somewhere else. The headquarters function, and the research and development arm consolidate Holroyd’s place here in Rochdale.”
The precision engineering company, based in Milnrow, will use the Government funding to support the building of a new headquarters and a research and development innovation centre.
It has a 150-year history in Rochdale and produces high precision tools for a range of global markets, and products for automotive, heating, ventilation, petro chemical and air conditioning use.
Mr Fallon believes Holroyd’s innovation is important in creating and sustaining jobs on the site.
“This shows machines and tools becoming more and more precise and driving export markets around the globe,” he said.
“The creation of new technology has to be the key to securing new jobs here.”