VTL Group, a manufacturer of precision engineered components for the automotive industry, has received a further £1.5m investment from growth capital provider Business Growth Fund (BGF), alongside loan funding from HSBC.
BGF has now committed a total of £5.5m in the business, following an initial investment in September 2013. VTL said the funding would be used for a capital investment programme ahead of commencing an eight year project to supply engine components through Ryobi UK to Jaguar Land Rover (JLR) for use in its new engine…
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