Six-figure NPIF II funding supports Knowsley firm’s digital transformation

North West-based electromechanical specialist Central Group has secured a £700K investment package which is supporting significant growth, job creation and advances in new technology to support its digital transformation strategy. Located in Knowsley, the firm is being supported with investment from NPIF II – FW Capital Debt Finance, which is managed by FW Capital and part of the Northern Powerhouse Investment Fund II (NPIF II). Central Group specialises in the supply, installation, repair, and maintenance of industrial electric motors, generators, inverter drives, and industrial pumps. It works with leading Original Equipment Manufacturers (OEM) such as ABB, Nidec, Innomotics and Siemens and is a specialist in the rotating machinery sector, with over 50 years’ experience. Central Group is using the funding from NPIF II – FW Capital to create eight new jobs and support its work with Liverpool University and Liverpool John Moore University with whom it is collaborating on a Knowledge Transfer Project. Combining academic research and industrial expertise, they are paving the way for advances in technology with regards to system diagnostics and maintenance optimisation. This involves the development of an AI-driven prognostic health management system for industrial drives. A second-generation family-run business, Central Group is managed by […]

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