This marks the third time that the Railway Street foundry has tapped into investment
Grimsby foundry Fowler & Holden has sealed a six-figure deal(Image: Fowler & Holden)
A historic Grimsby foundry is set to boost its environmental credentials on the back of a six-figure investment. Fowler & Holden has been carrying out quality foundry and engineering services for businesses all over the world, having started out in a workshop in Church Street in 1919.
Today, the company – which was acquired by TGM Industrial Group five years ago – operates from a large base in Railway Street and counts the likes of Tata, Galliford Try, Costain and British Steel among its clients. Now the foundry has received a six-figure investment from NPIF II – FW Capital Debt Finance, which is managed by FW Capital as part of the Northern Powerhouse Investment Fund II (NPIF II).
It marks the third round of funding the firm has received from the Northern Powerhouse Investment Fund and FW Capital. The exact amount of investment has not been disclosed. Bosses say the funds are being used to enhance the environmental impact of the site in Grimsby, supporting working conditions by removing airborne fumes and process-generated dust, which forms part of the firm’s sustainability credentials while staying ahead of compliance regulations.
Fowler and Holden operates from a purpose-built plant building which was developed using funding from NPIF – FW Capital as part of the first Northern Powerhouse Investment Fund back in 2021.
Did you know you can make Grimsby Live a preferred source of news in Google, which will mean you get more of our breaking news, exclusives, and must-read stories straight away? Here’s more information about what this means and how to do it – you can also do it straight away by clicking here .
That first investment increased the firm’s production and manufacturing capacity by up to 80%, helping it to provide foundry and engineering services to clients around the globe.
Tim Brooksbank, director at Fowler & Holden, said: “Since TGM Industrial Group acquired Fowler & Holden in 2021, we have reinvested over £1.1 million into our site, plant, and process infrastructure, with approximately £650,000 supported by FW Capital over this period.
“These investments are a testament to our commitment to the long-term success of our facilities and our workforce. By prioritising environmental credentials and health and safety, we are not only reducing our footprint but also creating a superior working environment for our team. We have found FW Capital to be a pragmatic and supportive partner throughout this journey.”
Dave Hawkins, portfolio executive at FW Capital added: “We continue to be impressed by the management team’s vision and are proud to support their ambitions for growth. This latest funding cycle is instrumental in driving operational efficiency and reducing emissions, both of which are core to Fowler and Holden’s sustainability goals.
“Having worked with the team since 2021, this is a great example of how we provide ongoing support to help businesses scale responsibly and successfully.”
NPIF II – FW Capital Debt Finance provides loans in the NPIF II area from £25,000 to £2m and equity investment up to £5m to help a range of small and medium sized businesses to start up, scale up or stay ahead. The Northern Powerhouse Investment Fund II aims to drive sustainable economic growth by backing innovation and creating local opportunity for new and growing businesses across the North.
To find planning applications, traffic diversions, road layout changes, alcohol licence applications and more, visit the Public Notices Portal .
