Minister marks monster boost for business

17.04.14

Skills and Enterprise Minister Matthew Hancock has visited signs and graphics experts Hollywood Monster to mark the announcement of over £30 million support for West Midlands businesses in Round 5 of the Government’s Regional Growth Fund (RGF).

A total of £31 million has been given to eight projects and programmes in the West Midlands in Round 5. This is expected to raise £200 million of private investment and create and safeguard up to 4,000 jobs.

When added to the success of the first four rounds, this represents a total of £430 million of RGF funding for 69 projects and programmes in the West Midlands. This has raised £3.3 billion of private sector investment and will create and safeguard up to 114,000 jobs in the long-term.

Hollywood Monster, based in Tyseley, Birmingham, was awarded £100,000 in Round 2 of RGF to purchase new printing equipment and create eight jobs on site. The Fund has been awarded new finance in Round 5 to extend the work it is doing and meet on-going demand for finance from local SMEs.

Hollywood Monster director Andy McKenzie greeted Skills and Enterprise Minister Matthew Hancock and demonstrated how the new equipment is helping the company win new business in a variety of sectors.

Skills and Enterprise Minister Matthew Hancock said: “News that companies and projects in the West Midlands have secured £31 million from Round 5 of the Regional Growth Fund is a real vote of confidence for the region.

“This builds on the £400 million already committed from earlier rounds of the competitive fund which are helping leading businesses like graphics experts Hollywood Monster to grow and create vital new local jobs.”

A total of 50 companies and projects across England that applied for RGF funding have been successful in Round 5, following a competitive round. £119 million pounds of RGF grants will help to rebalance the economy by supporting 37 companies from a range of industrial sectors. A further 13 RGF intermediary programmes, both regional and national, have been awarded £182 million to support small businesses. Round 6 of the Regional Growth Fund, the last round in this Parliament, will open for applications in the summer.

CAPTION: Skills and Enterprise Minister Matthew Hancock (second left) visited signs and graphics experts Hollywood Monster where director Andy McKenzie (third from left) showed him some of the equipment bought with funding from the RGF.

ENDS

Notes to editors:

As the largest graphics solutions business in the West Midlands region, our skilled craftsmen provide clients all over the UK with a range of graphics and digitally printed products – from an A4 sign board to the largest building wrap. We are experts in consultancy, project management and planning, offering a bespoke service from supply only to a fully experienced, safe and insured installation service. Hollywood Monster services a variety of industries across the UK including:  industrial, commercial and residential construction & development; retail; professional services; exhibition; event and stadium; museum & theatrical. The company was created in August 2009 with the coming together of sister companies Hollywood Signs and Monster Digital. Employing around 80 people, the 30,000 sq ft headquarters is situated in Birmingham, providing an excellent distribution centre to the rest of the UK. Our skilled team of craftsmen includes graphic designers, draftsmen, structural engineers, model makers, traditional sign-writers, welders, painters, civil engineers, decorators and carpenters. The business operates 24/7, combining its skill sets and technology including our £2m investment in state-of-the-art UV direct to substrate 5m wide HP roll to roll and Vutek flat bed printing machinery. Our machinery is the largest of its kind available in the UK, in fact in the world! Visit www.hollywoodmonster.co.uk for more information.

Media:

For more information please contact Paul Skipp at Barques PR on 0121 233 2080, or 07957 457911, or email [email protected].

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