Central Group, an electromechanical specialist in Knowsley, has secured £700k funding.
- This investment supports digital transformation and technological advancements.
- The funding is expected to create eight new jobs at the firm.
- Central Group collaborates with Liverpool universities for AI-driven innovations.
- The Northern Powerhouse Investment Fund II backs this financial package.
Central Group, situated in Knowsley, has successfully obtained a substantial investment package amounting to £700,000. This funding is strategically aimed at propelling their digital transformation efforts alongside fostering overall growth and technological advancements.
The financial backing is predicted to facilitate the creation of eight new positions within the company. This expansion underscores Central Group’s commitment to not only enhance their operational capabilities but also contribute positively to local employment rates.
Significantly, Central Group is actively engaging in collaboration with Liverpool University and Liverpool John Moore University. This partnership is central to a Knowledge Transfer Project, which is instrumental in merging academic research with industrial expertise. The focus lies on the development of an AI-driven prognostic health management system for industrial drives, marking a substantial leap in system diagnostics and maintenance optimisation.
Central Group, a family-run enterprise helmed by the Sutton brothers since 2001, is renowned for its supply, installation, repair, and maintenance of industrial electric motors and similar machinery. Their expertise, particularly in the rotating machinery sector, combined with innovative solutions, positions them as a leader in the field.
Shaun Sutton, Managing Director at Central Group, highlights the transformative potential of integrating cutting-edge AI algorithms and predictive analytics. These technological advancements offer a significant advantage in terms of improving the reliability and performance of mechanical systems, whilst providing predictive maintenance capabilities.
The Northern Powerhouse Investment Fund II, which encompasses the entire North of England, aims to drive sustainable economic growth. By providing financial support ranging from loans to equity investments, it assists small to medium-sized enterprises like Central Group in scaling up their operations.
The £700k funding significantly bolsters Central Group’s growth and technological innovation in the electromechanical sector.
