Industrial Cooling Equipment warms up with strategy and planning guidance
Industrial Cooling Equipment specialises in the design, supply, installation and maintenance of industrial and commercial refrigeration and air conditioning systems, as well as delivering some heat recovery and energy conservation services. It is a family-run business based in Runcorn and was set up in 1935.
With the company looking to grow and develop, it wanted some support for rolling out some planned changes within the business. Through initial conversations with Growth Hub Halton, it was determined that the business needed to undertake a wide-ranging business strategy and planning exercise. This would allow it to properly assess the proposed changes and requirements.
Following a subsequent diagnostic, the business was referred into the Business Growth Programme. The programme is designed to build confidence and capacity in local SMEs by providing direct advice, guidance and information to provide a clear route to sustainable growth. The support it offers can cover business development, financial planning, human resources, international trade, operational review, sales and marketing.
Through the programme, Industrial Cooling Equipment received specialist support to assist in the development of a revised business plan and to implement a restructuring of business operations between services / maintenance and contract work. A recent review undertaken with the business has indicated that the support proved successful and that additional jobs will be recruited for following implementation of the new plan.
The Local Growth Hub is funded by the England European Regional Development Fund as part of the European Structural and Investment Funds Growth programme 2014-2020. The Department for Communities and Local Government is the Managing Authority for European Regional Development Fund. Established by the European Union, the European Regional Development Fund helps local areas stimulate their economic development by investing in projects which will support innovation, business, create jobs and local community regenerations.