12th Feb 2015 07:58
LONDON (Alliance News) - Testing systems company AB Dynamics PLC on Thursday said it has been awarded a grant of up to GBP2.3 million from the UK government-backed Regional Growth Fund.
AB said that along with its existing funds, the grant will back its plans to expand its business.
The grant will be drawn down over the lifetime of AB's current projects and is subject to the company meeting specific qualified targets, it said.
"We are delighted to have been awarded this grant, which was the result of a successful bid process undertaken by the company, together with invaluable support from the community and local government agencies," said AB Managing Director Tim Rogers.
By Sam Unsted; [email protected]; @SamUAtAlliance
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