Masterprint Packaging Ltd expects to surpass £3 million in turnover, thanks to investments from the West Yorkshire Combined Authority that boost its growth plans.
In the past year, the company has thrived after diversifying into PPE, addressing pandemic needs while expanding its packaging and labelling services.
Founded in 2016, owner Mr Saeed Mahmed faced financing challenges that slowed growth. Like many young businesses, he didn't know about the available finance options.
With help from our Business Support Service, introduced by local consultant Iqbal Bhana OBE DL, Masterprint secured two grants. This funding allowed for new equipment and the expansion of its 8,000 sq. ft premises. These investments have boosted daily output by 40% and the business plans to grow its client base and hire more staff.
Iqbal has worked with the Combined Authority for several years to help more Asian-owned businesses access support.
This project received funding through the Combined Authority from the Leeds City Region Growth Deal-a £1 billion Government investment package aimed at accelerating growth and creating jobs across the region.