×


Home About Contribute Media Kit Contact Sign In
×







.


Finance Industry News

Golden Bear Products invests in digital thanks to grant


One of the UKs leading toy manufacturers has invested around £150,000 in new facilities and personnel to enhance its digital offer after receiving nearly £70,000 from a grant programme supported by the Marches Local Enterprise Partnership.

Golden Bear Products invests in digital thanks to grant


"Golden Bear is a landmark company in the region and we are delighted that this grant help has allowed the company to develop its digital offer and take on new staff."
Caroline Cattle



Golden Bear Products, which has been transforming favourite children’s TV characters into toys for over 40 years, has been awarded £ 67,845 from the Marches Building Investment Grant (MBIG) for the new facilities at its head office in Hortonwood.

The company has used the funding to create a new photographic studio and take on new staff to drive a growth in online sales.

“We have invested around £150,000, supported by the grant funding, in a new dedicated photo studio space,” said Managing Director Barry Hughes. “We are very grateful for this vital support.”

The new studio will allow the firm to immediately service its growing list of retail clients with top class photo imagery and assets to assist with online sales for their retail clients.

Two new specialists have also been recruited to strengthen the Golden Bear digital team. Emily Swinnerton is the firm’s new Digital Assets Coordinator and Rachel Longstone joins as Digital Marketing Executive.

“With the ever-increasing importance of online sales we are delighted to have appointed Rachel and Emily, allowing even more resources to be concentrated on this burgeoning sector,” Mr Hughes said.

“Their experience and skills will allow us to service our retailers’ needs better with even more innovation, agility and efficiency.

“I am convinced that both Rachel and Emily will make an immediate impact in driving more sales for the business.”

The MBIG programme offers grants of up to £150,000 to help meet the cost of building new premises or extending and reconfiguring existing ones. It is part-funded by the European Regional Development Fund and supported by the Marches Local Enterprise Partnership and Marches Growth Hub.

Programme Manager Caroline Cattle said: “Golden Bear is a landmark company in the region and we are delighted that this grant help has allowed the company to develop its digital offer and take on new staff.”

Gill Hamer, Marches LEP chief executive, said: “This is excellent news for Golden Bear and for both Telford and the wider economy. The MBIG programme is specifically designed to help companies meet their growth ambitions and ensure that the Marches LEP and Growth Hub are delivering real results to drive forward our economy.”

Mr Hughes added that Golden Bear had received help from both the Marches Growth Hub and Enterprise Telford through the application process and was also building additional meeting room space at its head office, where a total of 50 people are employed.

The five-acre site, which houses a modern warehouse and distribution facility of 74,000 sq. ft., is supplemented by a Hong Kong office which co-ordinates production and oversees manufacturing quality.

The MBIG programme, which is delivered by Herefordshire Council, meets up to half the cost of successful applications, meaning that projects costing up to £300,000 could secure a grant of £150,000. The scheme covers B2B businesses and does not include retail, social welfare or agricultural companies.

Herefordshire Council is the accountable body for the MBIG scheme. Full details are available from Caroline Cattle and Alison Rogers on mbig@herefordshire.gov.uk or by calling 01432 260 662.

The Marches Growth Hub Herefordshire can be contacted on 01432 261758 or email business@herefordshire.gov.uk

The Marches Growth Hub Shropshire can be contacted on 01743 250526 or email marchesgrowthhub@shropshire.gov.uk

The Marches Growth Hub Telford & Wrekin can be contacted on 01952 567589 or email enterprisetelford@telford.gov.uk

.


Finance Business News - The Profit Mindset aims to give small to medium size businesses the four basic principles of how to get to grips with the finance side of their business to help them become more profitable even during the current economic crisis.


New book teaches businesses how to profit and grow

Finance Business News - Although lockdown has hit many industries across the world, some businesses have managed to remain somewhat operational, with supply and demand still existing for some products and services.


Perils of Efficiency Procuring Supplies During a Crisis

Finance Business News - Loubie Westaway joins My Management Accountant with a remit to help clients reduce their corporate and personal tax liabilities through implementing planning strategies and restructuring where necessary.


Yorkshire cloud accountancy firm strengthens team with client tax specialist

Finance Business News - A Nantwich-based entrepreneur has launched a payroll solutions company in lockdown to drive up standards in the temporary contracting industry.


Payroll solutions company launched in lockdown promises to shake up the sector

Finance Business News - The North East Fund has announced that during 2020, it helped more than 100 regional companies to raise 50m of funding despite the coronavirus pandemic.


 North East Fund hails regional SME resilience

Finance Business News - Vita, which employs 2,700 people across Europe and is headquartered in Middleton, Manchester, expects the 6.1m deal to complete in the first quarter of 2021. It will enable the business to gain an important foothold in Italy, which is the second largest furniture producing country in Europe and one of its largest furniture exporters.


Manchester manufacturer acquires Italian SME for £6.1 million






Ten Times Ten

We transform your bright ideas into brilliant digital products.