New Wave Marine give us an insight into how grant funding transformed their businessPosted 23rd Jul 2018
As one of Granted’s successful clients, New Wave Marine secured funding from Plymouth and the South West Peninsula City Deal which provided them with £60,550 of grant funding to expand their local business to offer services in the export market.
New Wave Marine is a company that provides Waste Management Services to the Marine Industry operating in a number of dockyards and ports, mainly in the West Country including Naval dockyards. This involves the cleaning out of dirty waters, oils and waste from ships of all shapes and sizes, and from some land-based facilities such as storage tanks.
Following their grant funding success, New Wave Marine has been able to scale their west country-based business to a company now branching out into the global marketplace. With a growing team of now 20 employees and expanded services such as specialist confined space entry and rescue and, their rapid response team, New Wave Marine have transformed into a national award-winning business.
“When establishing NWM in 2014, the funding application which Granted managed for us was fundamental to starting a business in this highly competitive sector, now 4 years on the legacy from the success of the funding award see’s NWM moving to new, larger premises in Plymouth as our fleet of vehicles, service provision requirement, and more office space and facilities becomes essential for continued growth. The business now employs ’s 20 staff, with numbers peaking to 40 at busy times. NWM is expanding its UK operations, and also now entering the European marketplace to provide the high standards of service that are a pre-requisite in the UK to other nations”
Rob Bolton- Director at New Wave Marine
The Granted Team are passionate about securing grant funding for all our ambitious clients and are delighted when we are able to assist company’s like New Wave Marine in submitting a successful application to kick-start their business growth. If you are looking for debt and equity free funding options, contact us now to discuss grant funding for your business.
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