Cirencester Fabrication Services (CFS) secured £150,000 from BCRS Business Loans, which delivers the government’s Coronavirus Business Interruption Loan Scheme (CBILS) and the Community Investment Enterprise Facility (CIEF).
After a 12-week closure of its 10,000sq foot welding and production facility during the first coronavirus lockdown dealt an unexpected blow to the firm’s revenue, a CBILS funding boost enabled CFS to implement new coronavirus health and safety measures in order to return to business as usual.
The funding boost also enabled new managing director Marc Begg to purchase the business from retiring directors who founded the firm almost four decades ago.
CFS has become renowned for designing, fabricating, and welding products from mild steel, stainless steel and aluminium, such as barriers, bollards, staircases, building structures, balconies and much more.
Mr Begg said: “We are delighted to have secured a CBILS funding boost from BCRS Business Loans in order to recover from the 12-week closure last year.
“With a long and prestigious heritage of providing metal fabrication services, I am incredibly pleased to have acquired Cirencester Fabrication Services, future-proofing the business for decades to come.
“This purchase confirms my commitment to the business after extensive experience as a trained metalsmith myself and have my sights firmly set on growth in the coming years by extending our stainless steel offering and updating machinery in the near future.
“But in the meantime we will continue to keep turning inspiration into metal, by providing our customers with excellent support for any bespoke metal requirements – whether at prototype stage or batch production.”
