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Riddett investments for 2021 how should i invest my pension plan

Riddett investments for 2021

The funds provided by Finance for Enterprise will be used to help Dinnington-based Labfacility acquire the adjacent 6, sq ft premises to its existing manufacturing and stores facility as it targets future growth within the export sector. In recent years the company became mindful of the potential uncertainties caused by delays in Brexit. Working closely with growth accelerator manager Jim Scott, the company began exploring international growth options in markets which would be largely unaffected by the current political uncertainties and began exploring non-EU markets.

However, in order to meet demand, Labfacility knew it needed additional working space. When a neighbouring unit became available the company turned to Finance For Enterprise for help, recognising that a quick deal was needed in order to help it achieve its future growth plans. Labfacility was launched in by Norman Riddett, from his family home and has now grown to employ some 80 people across sites in Dinnington and West Sussex. Since that time, the number of staff employed in South Yorkshire has risen from just three employees to over 40 with further recruitment anticipated.

Sadly, Jim passed away before our latest phase of growth had been fully realised. The success we are achieving today is a testament to his hard work and dedication. We have worked with Labfacility for a number of years and the approach they have pioneered has resulted in the company achieving significant growth in overseas markets, enabling the company to invest in new premises and jobs within South Yorkshire.

Alan Scott is not related to Jim Scott. Now aged 92, Norman Riddett continues to hold the position of company chairman. It is responsible for managing a business loan fund which has been supporting new start, early stage and growing businesses for more than 30 years.

Financial support is tailored to meet the unique needs of each entrepreneur and business owner, helping them to improve liquidity, support growth or purchase assets. Finance for Enterprise also acts as a delivery partner across the Sheffield City Region for Start Up Loans, a Government backed initiative aimed at supporting individuals keen to explore self-employment and business creation.

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