AME Group set for more expansion thanks to £100,000 funding
A PRODUCT development consultancy which is generating new jobs on a former colliery site is set for further growth following a £100,000 loan from NPIF – Mercia Debt Finance, which is managed by Mercia Fund Managers and is part of the Northern Powerhouse Investment Fund.
Sheffield-based AME Group is an independent product design consultancy.
It is behind many best-selling products, from Dettol soap and Morphy Richards food steamers to Harris paint brushes and B&Q Performance power tools.
The company was set up in 1996 from Ian Jones’s kitchen table after he was made redundant from his job with British Coal. Mr Jones was soon joined by managing director, Paul Howell.
Based on the site of the former Dinnington Colliery, AME now employs over 20 staff and has a turnover of around £1.5m.
AME services span sectors from fast-moving consumer goods to medical and automotive and customers including Dyson, Smith & Nephew, GlaxoSmithKline, Hornby and Unilever.
The company now plans to strengthen its design team by creating multiple roles over the next 12 months. Pete Sorsby, investment manager at Mercia Fund Managers, said: “AME has built its business on the strength of its product design process and is regarded as one of the UK’s leading and most innovative product design consultancies.
“The business has helped to bring creativity to the former colliery site and generate new jobs. This funding will help to support its growth and expand the team.”
The Northern Powerhouse Investment Fund project is supported financially by the EU using funding from the European Regional Development Fund.