Accrington manufacturer to create six new jobs

An Accrington based manufacturer of axles is set to create six jobs after investing over £260,000 in new machinery, with grant support from Regenerate Pennine Lancashire.

FPW Axles Ltd designs and manufactures steer, drive and driven steer axles for all kinds of special purpose vehicles, from small electric tow tractors to large cargo handlers. The axles are designed and manufactured on site by the FPW to each customer’s individual vehicle requirements.

After winning several new customers FPW needed to increase its current machining capacity and is purchasing a horizontal and a vertical machining centre to meet this rising demand. They were able to access grant of nearly £50,000 from Regenerate, to help them complete the project sooner. The grant was supported by the government’s Regional Growth Fund.

Scott Taylor, sales director at FPW Axles, said: “At the start of the UK’s economic recession we decided to retain our skilled workforce instead of making redundancies which as a result depleted company reserves. On coming out of the recession, we had several opportunities for new business that could be exploited to accelerate our return to growth. With the grant support it has enabled us to capitalise on these opportunities and create jobs sooner. In fact, since installing the horizontal machining centre last month, we’ve experienced our best month ever."

Councillor Miles Parkinson, leader of Hyndburn Borough Council said: “FPW Axles have been trading in the area since 1982, employing 30 people from the local area. The grant means they will continue to grow here. Businesses in the borough that would also like to become more competitive and take on staff in future should consider if they can do so now with support from Regenerate.”

Enjoyed this? Read more from Lancashire Business View

Latest news

1

Eurofighter deals secure thousands of jobs Typhoon production in Samlesbury, Lancashire

Eurofighter deals secure thousands of jobs

24 Dec 2024

2

Rospen shares global reach and industry expertise with MP Grant McGeever and Sarah Smith MP

Rospen shares global reach and industry expertise with MP

23 Dec 2024

3

The Flow Group acquires Blackburn based Modern Bookbinders in strategic asset purchase The Flow Group's Richard, Mick and Helen

The Flow Group acquires Blackburn based Modern Bookbinders in strategic asset purchase

23 Dec 2024

4

fulfilmentcrowd reports record-breaking performance LeeThompsonfulfilmentcrowd

fulfilmentcrowd reports record-breaking performance

20 Dec 2024

5

Record year for Grant Thornton Northern deals team The team

Record year for Grant Thornton Northern deals team

20 Dec 2024

Background image for hub sign up block

LBV Hub

Leverage Lancashire Business View platforms

Post your news
Post your events
Post your offers
Build your network
Improve your SEO
Gain coverage in the magazine
Sign-up
Events
The Lancashire Festival of Business
FOB 315
Exhibitions
30 Jan 2025

The Lancashire Festival of Business

Impact Conferencing, Burnley, BB12 6QP

09:30 - 16:00

Skills Bootcamp in Procurement - Cohort 3
Blue-Modern-Land-Travel-Youtube-Thumbnail-2-1024x576.png.png
LBV Hub Awards
14 Jan 2025 - 18 Mar 2025

Skills Bootcamp in Procurement - Cohort 3

Community & Business Partners CIC, Blackburn, BB2 3UA

09:30 - 13:00

Preston Tech Connection - January Meet-Up
Nov Preston Tech Connection event banner-4.png.png
LBV Hub Networking
15 Jan 2025 - 15 Jan 2025

Preston Tech Connection - January Meet-Up

Society1 Coworking Space, Preston, PR1 3LT

18:00 - 19:30

R.I.S.E. and Shine
thumbnail_Emma Weston Illustration WENDY BOWERS RISE Illustrstion.jpg.jpg
LBV Hub Seminars
16 Jan 2025 - 16 Jan 2025

R.I.S.E. and Shine

East Lancashire Chamber of Commerce, Clayton le Moors, BB5 5JR

08:45 - 11:00

The Business Network Central & East Lancashire
LBV Hub Networking
16 Jan 2025 - 16 Jan 2025

The Business Network Central & East Lancashire

Mytton Fold, Langho, BB6 8AB

11:30 - 14:15

LBV120 Magazine Launch Event
DSC9389
Networking
17 Jan 2025

LBV120 Magazine Launch Event

Lancastrian Suite, Town Hall, Chorley, PR7 1DP

08:30 - 10:30

Red Rose Awards 2025
Red Rose Awards 2025
Awards
13 Mar 2025

Red Rose Awards 2025

Winter Gardens Blackpool

18:00 - 11:59

Advertise with us

Reaching 50,000 members, our print, digital and event platforms offer a fantastic way to raise your business profile and help you grow.

Find out more LBV118 Online Graphic
Subscribe now

Weekly news bulletin