Peak District firm creates 15 jobs
A Peak District firm is investing £2.8 million in a project which will create 15 new jobs.
DSF Refractories and Minerals Ltd is installing 12.3km of natural gas pipeline in a verge adjacent to the A515 from Brierlow Bar to Newhaven, then alongside the A5012 to Friden.
The work will safeguard the 108 jobs already in existence at the Newhaven firm as well as creating new ones.
The project has gone ahead thanks to a £280,000 grant from D2N2’s Unlocking Investment for Growth programme, which is backed by the government’s Regional Growth Fund, as well as securing a loan from the Local Enterprise Partnership’s Growing Places Fund.
Phil Bearn, finance director at DSF, said: “We are indebted to both the Regional Growth Fund and the Local Enterprise Partnership’s Growing Places Fund in providing support in circumstances where normal asset-based funding was unavailable.”
The project will lead to reduced production costs and reduced carbon emissions. There could be an added benefit to local businesses and farms to taking a spur off the line to reduce their own costs.