A Lancaster company looking to expand its business into overseas markets has been given a financial boost.
Mainstage, which produces staging for performance spaces, has secured a £75,000 loan from Lancashire’s County Council’s Rosebud Finance to improve efficiency at its production plant.
Mainstage, based in Wyresdale Road, was founded 25 years ago by former theatre set designer Mike Sweetland and now employs 14 people producing staging and seating for locations such as theatres, schools, places of worship and community centres.
The company is upgrading its factory by investing in new tooling and creating a new office for its creative design team.
Mainstage recently expanded its team with three new appointments, and now plans to recruit an additional sales representative to boost its business across the country.
It is the second time that Rosebud has supported the company in the past 10 years, and the loan will help fund the improvements.
Rosebud is a finance package supporting Lancashire firms to grow and expand their business.
It is managed by Enterprise Ventures on behalf of Lancashire County Developments Ltd (LCDL), Lancashire County Council’s economic development company.
Paul Taberner of Enterprise Ventures said: “During its 25 years in business, Mainstage has gained a loyal customer base.
“Its high quality products ensure there are no health and safety issues and its in-house design team tailor systems to suit the client’s exact specification. This funding will help it to improve efficiency as it seeks to expand its business into overseas markets.”
County Councillor Niki Penney, chair of LCDL, said: “Rosebud aims to create highly-skilled jobs across Lancashire by providing the necessary finance and support that companies need. As well as funding your growth ideas, Rosebud includes complimentary support and advice that’s tailored to your business. We know that this is valued by companies, which is why companies like Mainstage choose to come back to Rosebud to once again support their growth ambitions.”