£350K investment sees UK manufacturer reshore its factory
Plura Innovations | June 15, 2018
Wirral based advanced manufacturing company Plura Innovations has secured £350K funding to extend its facilities. The firm will use the backing from NPIF - FW Capital Debt Finance, part of the Northern Powerhouse Investment Fund, to expand its manufacturing center on the Wirral.
Plura, which develops products made from recycled plastic and composite materials, has previously used a facility in China for the bulk of production. The £350k NPIF cash is part of a wider £1m funding package for Plura Innovations, which supplies products to a customer base that includes Network Rail, Royal Mail, and UK Power Networks.