Flint Bishop

Banbury Innovations secures over £250,000 of contracts

Pictured above: (l-r) ) John Banbury, managing director, Banbury Innovations & Barrie Billinghay, business advisor, iNet

 

Nottingham-based, Banbury Innovations Ltd, which specialises in innovative building products, has been awarded in excess of £250,000 worth of high-profile contracts to install its new sustainable, lightweight insulating system throughout the UK. 

The company secured the contracts with house builders, Barratt Homes on a site in Swindon and Persimmon Homes in Chichester, as well as high-street retailer, Primark in Kings Lynn. 

Banbury Innovation's managing director, John Banbury puts the contract awards down to the support and funding from the Sustainable Construction iNet (iNet). The iNet assisted Banbury Innovations in 2010 with funding and innovation support worth £4,200 to develop and bring the product into the sustainable product market place.

John commented: "This product is now the 'jewel in the crown' for Banbury Innovations and our new contracts prove that we have a system which is much in demand within the construction industry. The assistance from the iNet helped the company bring the development of the product to fulfilment and also gave us confidence for our future."

Barrie Billinghay, iNet business advisor, added: "I was convinced that John and his team had a great product from the start and we are so pleased that they have been awarded national and international, high-profile contracts. Through the support of the iNet, Banbury Innovations has been able to employ two new sales and administration staff and add another five members to its production team. This outcome is exactly what the iNet aims to achieve for its clients; new contracts, job creation and growth for East Midlands businesses. " 

The iNet is funded by East Midlands Development Agency (emda) and the European Regional Development Fund(ERDF) and based at its new headquarters, the iCon building in Daventry, a purpose-built business hub providing office space for start-up companies working in the sustainable construction sector. Interested parties should contact the iNet on info@construction-inet.org.uk or telephone 01327 304817.

 

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Article published by Midlands Business News on 8 July, 2011

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