The Background
RG Motor Services is one of the leading independent garages in Grimsby, providing MOT testing, servicing, and car repairs for all makes and models including the latest hybrid and electric vehicles. Specialising in all aspects of car maintenance from a simple puncture repair to diagnosing diesel component faults RG Motor Services provides a first-class service at affordable prices.
The Case
After an introduction was made through a mutual contact, RG Motor Services met with the Investment Hub to ‘have an informal chat’ about finding suitable finance for a potential property which also led to conversations about opportunities for growth within the existing business.
“Ian was really easy to talk to and picked up on opportunities very quickly; this was a difficult time for RG Motor Services with the MOT exemption due to COVID really affecting us so we had to look at how we could diversify and focus more on the commercial vehicles market. This meant investing in a new ramp and tyre machine enabling us to service larger vehicles.” – Rowena Draper, RG Motor Services.
The Result
As well as signpost toward suitable property finance, the Investment Hub also managed to find suitable funding and RG Motor Services were able to access £2200 of funding from Grants for Growth for their project. As a result of their investment, they are expecting to employ a new technician and increase their annual turnover by 10%.
“Whilst dealing with a specific request from RG Motor Services, we were able to fully ‘open up’ the conversation further leading to approval of grant funding which has enabled further growth which is great!” – Ian Girdley, Investment Hub NEL
Can we help you?
If you’re a North East Lincolnshire based business or investor to the region and are looking to start-up, scale-up or stay ahead in business, talk to the Investment Hub NEL.
To find out more, call us on 07921562500 or email: info@investmenthubnel.org.uk
Invest in your Business. Invest in your Region. Invest in your Future.
