3P Innovation, an engineering and process automation company with ties to world-leading brands, has moved in to a new £4 million base. The company has invested in a 30,000 sq ft purpose-built site at Tournament Fields in Warwick, which is more than twice the size of its previous home in Welton Road.
The company started out from a bedroom in 2006 and now works with global top 10 pharmaceutical, medical device, confectionery, personal care and household goods companies.
“This move has come at a crucial time for us and now we are settling in, all of the hard work feels worthwhile. We had outgrown our previous site and needed to make this change to ensure we continued to grow, we had started to flat line due to space limits after growing every year from 2006 to 2016. We are expecting significant growth over the next few years now we are settled,” said Dr Geoff Vernon, director.
3P innovation offers a range of multi-purpose technologies and machine platforms as well as custom automation methods to fit any project requirement. Its clients come from all over the world, including North and South America, Europe and Asia.
“We want to be at the heart of innovation going forward and have plans to increase our product lines, as well as continuing with bespoke automation systems for clients. We are heavily investing in research and development in order to make these advances,” added Vernon.
Working with 3P Innovation throughout its big move was the Coventry and Warwickshire LEP Growth Hub’s account manager Jaymie Thakordas, who will continue to advise them on growth going forward.
In order to improve the energy efficiency of the new site by adding solar panels to generate its own electricity, some £345,000 has been invested. A £69,060 grant was provided for these upgrades by the Coventry and Warwickshire Green Business Programme, which was unlocked by the Coventry and Warwickshire LEP Growth Hub.
3P innovation applied for a grant from the Coventry and Warwickshire Green Business Programme which is part financed by the European Regional Development Fund and is being delivered by Coventry City Council, Coventry University and Coventry University Enterprises.
The programme is open to businesses with fewer than 250 employees based in Coventry and Warwickshire.