An engineering group that has been in Sheffield for more than 150 years is pledging its future to the city with a £5m redevelopment.
Tinsley Bridge Group has secured a £750,000 grant from the Regional Growth Fund which is being ploughed into the redevelopment of the its 14-acre Shepcote Lane base.
The proposal is to move out of an old factory on the site, built in 1959, in to two new buildings. Developers have already started the first one, which should be complete early next year.
The firm started in the 1850s manufacturing vehicle suspension springs. It now makes anti-roll bars for truck producers including Volvo and Renault, rolling stock parts for railways and suspension components for military vehicles.
Managing director Mark Webber said: “This really is the start of a new era for us. We have some exciting new contracts and products coming on stream and we need to plan ahead.
“What makes it even more exciting is that our plans are part of a renaissance for manufacturing across the UK and particularly here in Sheffield. People are beginning to realise that manufacturing has a real future.”
Tinsley Bridge has a turnover of £16m and employs 180 people. The new contracts include supplying Network Rail with track infrastructure equipment, as well as items from signalling to parts for stations, gantries and rolling stock supplied to other rail customers.
The new products coming on stream include a brand new material for vehicle suspension components which can cope with extreme weight, for example in heavy military vehicles, and an articulated lorry trailer which is more space-efficient.
The plans are being supported by Creative Sheffield - a partner in the South Yorkshire Sector Growth Enhancement Programme.