Romax ties up £1m EFG deal
Nottingham’s Romax Technology has secured £1m of funding from the government’s Enterprise Finance Guarantee (EFG) scheme to support its expansion plans. The successful application, made with the support of Paul Lynam, senior commercial manager at HSBC’s Nottinghamshire commercial banking team, provides Romax with additional financing to undertake a recruitment and training programme, ensuring the company has the appropriate technical resources to build on recent successes in the hybrid-vehicles and wind-energy markets. Peter Poon, managing director of Romax said: “Our plans will not only offer existing employees the opportunity to gain qualifications in an area of increasing importance – environmental technologies - but we’ll also be growing our workforce, providing an important boost to the local jobs market.”
