CCP Gransden To Invest £3.5m In Research And Development

Ballygowan engineering firm CCP Gransden is to invest £3.5million in Research and Development.

The firm is undertaking a major three-year project to develop new and innovative processes that will enable it to design and manufacture advanced lightweight composite components for global sectors.

Jim Erskine, Managing Director, CCP Gransden said: "We've already begun up-skilling our current staff, and will be hiring additional staff with technical skills and business knowledge from a variety of sectors. The combination of the investment in the cell, a skilled workforce and the ongoing support of our government puts CCP Gransden in an excellent position to grow and develop its business and the reputation of the advanced engineering sector here in Northern Ireland."

Economy Minister Simon Hamilton said: "CCP Gransden is a great example of a local company recognising the importance of investing in Research and Development and skills.

"This £3.5milllion investment by CCP Gransden is part of the company's continued focus on providing innovative high quality components to compete in the global economy. It will enable the company to develop and manufacture a diverse range of composite components utilising its new world class manufacturing facilities with the potential to secure new business across a range of diverse and high value sectors.

"Research and Development is critical to future economic growth. CCP Gransden join a growing number of indigenous firm investing in R & D – and I'm pleased that my Department through Invest NI has supported the company with a grant of over £970,000 as well as providing skills support to the company."

(CD)