Allesley-based MarchantCain, described as one of the city’s best kept engineering secrets, is now looking to expand its team from 16 to 50 over the next four years after enjoying solid growth since it was formed in 2006.
The company, which designs, prototypes and manufactures components for prestigious car manufacturers as well as start-up OEMs, has been supported in its growth by the Coventry and Warwickshire Chamber of Commerce through the Coventry and Warwickshire Business Support Programme.
Through the programme, the Chamber has helped to secure a grant of £40,000 through Coventry City Council towards the company’s investment in new equipment and a reconfiguring of its headquarters to make space for more staff.
MarchantCain specialises in mechatronic systems – such as the technology within a vehicle’s door that lowers and raises the window, and devices to redirect airflow around the car to aid aerodynamic performance and fuel efficiency.
It designed and made an underbody actuator for the Porsche 918 Spyder and the worlds-first installation of electro-chromatic glass and controls in moving side glass for the Bentley Grand Limousine.
Tom Meredith, who joined the company as an apprentice four years ago and is now the company’s Group Finance Director, said the firm has recently had to recruit more engineers to fuel its growth.
He said: “We have a growth plan that takes us to 2021 which would see us 50-strong.
“Of course, we are competing with other automotive manufacturers and suppliers in the region for great people but we believe we offer a really exciting career where no two projects are the same.
He added: “We’re proud and delighted to be here in Coventry, which has such strong automotive links.
“The Chamber has been excellent in the support they have given us and the grant will help us to execute the growth plans that we have in place. The support – both through the grant and additional assistance – has been critical in moving our plans forward.”
As well as providing support for the company’s growth, Pam Cain, of MarchantCain, has been working with Martyne Manning Head of Policy at the Chamber to highlight the issue of migrant workers and the potential loss of skills on the back of Brexit. Support will be provided to address these issues.
Helena Bassett, of the Coventry and Warwickshire Chamber of Commerce, said: “MarchantCain is a fantastic success story for the city and, yet, they are one of the best kept secrets too.
“They have been pro-active in looking for support because they can see the benefit it can bring to their business and their growth. We have been delighted to work with the company and to help a manufacturer to grow, as well as working with them on the potential loss of skills on the back of Brexit.”
The Coventry and Warwickshire Business Support Programme is funded by the European Regional Development Fund, in partnership with Coventry City Council, Warwickshire County Council and the District and Borough Councils.
For more information or to book on to the Business Support programme, call the Chamber on 024 7665 4321 or log onto www.cw-chamber.co.uk