Specialist engineering group Hayward Tyler (LON:HAYT) has received the funds to back its plans to effectively double potential capacity at its Luton plant.
Backed by a recently awarded £3.5mln grant from the Regional Growth Fund, the company is looking to expand by building on land it owns adjacent to its main plant.
Demolition and clearance of buildings on the adjacent land should be done and dusted by the end of February 2015, the company announced.
The project aims to create assembly lines and dedicated test pits for each of the company’s energy markets: civil nuclear, conventional power and oil & gas.