AME Group set for more ex­pan­sion thanks to £100,000 fund­ing

Yorkshire Post - Business - - BUSINESS -

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.

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