A Colne business is set to expand — creating up to five jobs in the next three to four years.
Innova Solutions, which is based at Lower Draught Gates Farm, in Burnley Road, has announced it will be receiving a grant of over £70,000 from the Rural Development Programme for England.
The money will be used to pay 50% of the £146,994 development costs for Innova Solutions’ brand new warehouse facility.
Once complete, the warehouse will house stocks of tapes and adhesives sourced from the UK, Europe and worldwide.
Linda Barrowclough from Innova Solutions, a “Rural Business” finalist in this year’s Red Rose Awards, said: “This funding is a result of taking part in the Growth Accelerator scheme, and with the help of a business coach we established a three year growth plan.
“This brought up the need for further warehouse capacity and enabled us to seriously research possible grant opportunities.
“This funding has come at the right time and is enabling us to develop a purpose-built warehouse on the current site within a four month period.”