The funding will allow Concrete Canvas, whose flexible concrete impregnated fabric can be laid ten times faster than conventional concrete, to develop a cutting edge Research and Development laboratory and testing facility at its Pontyclun site. It will create 25 new well paid jobs and help facilitate the further growth of the company.
Concrete Canvas are themselves investing over £1m into the expansion.
Economy Minister Ken Skates said:
“Concrete Canvas is a company that is well known to us, having been recent recipients of a St Davids Awards for Innovation. Its product is truly world leading and I am delighted to support the company during this next stage of growth.
“Our funding will help contribute towards a project cost of over £1.2m to redevelop the Pontyclun site, introducing state of the art testing equipment and the necessary space and facilities to allow the business to continue to compete on a global stage.
“We are fortunate, in Wales, to have some truly innovative, ambitious businesses and I’m determined to continue to support Concrete Canvas and others to help them reach their potential. This is an innovative product delivered by an excellent company, delivering excellent jobs locally – it’s exactly the sort of investment which fits with my Economic Action Plan.”
Will Crawford, Director of Concrete Canvas said:
“We are delighted to receive this EFF grant funding support from the Welsh Government which will enable us to complete the redevelopment of a cutting-edge Research & Development laboratory and testing facilities at our new site in Pontyclun, which is due to open alongside the new production facility in the third quarter of 2019. The grant will enable the company to realise growth of our Concrete Canvas products across the UK and export markets securing an additional 25 jobs over the next 2 years.”
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