£3m award boosts growth in local high-tech company
By Daniel Hunter
Chippenham based auto parts manufacturer DTR VMS Limited received a visit from Business Minister Mark Prisk today (Thursday), after the company secured more than £3 million from the Government’s Regional Growth Fund.
Mark Prisk also toured the factory and met a number of staff including electrical apprentice Bethany Rowell.
“It’s a real pleasure to visit this dynamic company and congratulate them on their Regional Growth Fund award. Their new site makes sustainable use of Brownfield land and will allow their highly technical business to develop and grow," Business and Enterprise Minister Mark Prisk said.
“It’s also good to meet members of a skilled workforce, including local apprentices. The Regional Growth Fund is all about helping local people unlock growth in their area and give a real boost to the economy. It’s good value for the taxpayer too, delivering approximately £6 for every £1 of RGF money, which will help us make the UK the best place in Europe to start, finance and grow a business.”
In February this year the company was awarded £3.1 million from the Regional Growth Fund, which helped to unlock private sector funding as part of a £12.7 million investment in new premises at the White Horse Business Park in Trowbridge. The new site will include research facilities and create 21 new jobs, while safeguarding existing ones.
DTR VMS (Vibration Management Systems) is a motor vehicle parts and accessories business employing 187 staff, currently based on the Bumpers Farm Industrial Estate in Chippenham. The company designs and manufactures technical products to address noise, vibration and improve vehicle comfort.
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