Camtronics Limited, Tredegar, a leading UK-based Contract Electronics Manufacturer, is pleased to announce that it has been awarded a Business Development Grant. The grant has supported the purchase of new equipment and machinery, significantly enhancing the company's operational efficiency and productivity.
The grant has enabled Camtronics Limited to reduce the time required for a critical task from 3.5 minutes to just 10 seconds. This improvement will lead to substantial efficiency savings in stores, purchasing and the surface mount assembly process, allowing the company to focus more on core functions and further improve business productivity.
Camtronics Limited, originally founded in 1993 as Novaspec Ltd, has a rich history of providing comprehensive Electronics Manufacturing Services (EMS) to a diverse range of industry partners. The company underwent a management buyout in 2018, which has since led to impressive revenue growth from £1.7m to £4.2m.
"We are thrilled to receive this grant, which will play a crucial role in our ongoing efforts to enhance our manufacturing capabilities and support our growth plans," said the Managing Director of Camtronics Limited. "This investment will not only improve our productivity but also enable us to continue providing high-quality services to our customers."
For more information about Camtronics Limited and its services, please visit their website or contact their office at Unit 1, The Gateway Building, Tredegar Business Park, Tredegar, Gwent NP22 3EL.
Councillor John Morgan, Cabinet Member - Place & Regeneration and Economic Development said,
“Camtronics Limited have gone from strength to strength since the management buyout in 2018. I am delighted we have been able to support Camtronics Limited in enhancing productivity and efficiency. As a Council, we are committed to continuing to support local businesses to create resilient communities and a thriving economy, ensuring people can confidently work locally.”
The Blaenau Gwent Business Development Grant is funded by UK Government’s Shared Prosperity Fund and managed by the Business & Innovation Team at Blaenau Gwent Council. The Business Development Grant aims to support the growth and development of new and existing businesses in Blaenau Gwent. The scheme is now closed but businesses that require financial support are encouraged to complete the online EOI form at the link below and if further funding becomes available from April 2025 onwards businesses on the waiting list will be contacted.
https://formbuilder.evolutive.co.uk/formsite/form/f530b997-67cf-4775-af03-1434e30ece30
