© albert lozano dreamstime.com Electronics Production | April 19, 2013
CIL secures funds for growth ambitions
Electronics manufacturer, Custom Interconnect Limited, has secured funding from the Government-backed Growth Accelerator scheme to assist with its plans for growth.
The investment follows the appointment of Wright Industries’ Craig Wright, as Executive Chairman in December, and will see the scheme match fund the firm’s investment in leadership development training. John Boston, managing director at Andover-based Custom Interconnect Limited said: “This is an important step in helping us realise the ambitious growth targets we have set ourselves. Following significant investment in our business over the past few years, including a separately located 8,000 sq ft secure Box Build and Hubbing facility complete with class 10,000 cleanroom for medical device build, we are now expanding the scope of our business by entering new markets. Investing in management and leadership skills will be a critical step in delivering the potential our business has.” “The UK has significant capability across the full spectrum of the electronics industry but the concern for many businesses is the ability to access highly skilled employees, both at management and technical level. This is slowing growth and causing stagnation, with many companies not being able to realise their full potential because they simply can’t find the right people."