Family firm Ascot Signs boosted by £200k Invest NI grant
A family-owned signage business in Londonderry is set to expand thanks to a grant of over £200,000 from Invest NI.
Ascot Sign Systems in Maydown specialises in the design, manufacture and installation of signage.
The long-standing family firm started over 80 years ago in the painting and decorating business and now employs 25 people.
Over the last 10 years it has moved into signage and now plans to expand into Great Britain and the Republic.
Andrew White, senior partner in Ascot Signs, said: "This is an important investment for us and is designed to position the business for faster growth especially in the Republic of Ireland and Great Britain, which are key markets for us. Business we've completed in Britain subsequently led to contracts further afield, including Scandinavia.
"Strengthening our market presence in the Republic of Ireland and Great Britain will enable us to explore other opportunities that may develop over the next few years for our 'one-stop-shop' strategy.
"We recognise that the growth we want to achieve can really only be realised by investing greater time and resources in Britain and the Republic."
The investment will be spread over two years.
Des Gartland, Invest NI's north west regional manager, said: "Our assistance will enable the company to carry forward this success by strengthening its marketing and other resources, particularly in the Republic of Ireland and Britain where new opportunities have been pinpointed.
"Ascot's success is based on its strategic focus on offering clients across a broad range of business sectors a total service in the bespoke design, in-house manufacture and installation of signs. It has developed expertise in particular in the design and manufacture of disability access signage."