The Deputy Prime Minister of Great Britain, Nick Clegg, visited precision valve manufacturer HydraForce this week to sign a historic growth deal for Birmingham which will bring over £357 million of investment to the region. HydraForce received an award of over £1.8m from the Government’s Regional Growth Fund towards its £17m investment in a brand new factory, currently being built in Birmingham.

HydraForce UK supplies agricultural, construction and other off-highway markets across Europe with custom electro-hydraulic controls. The new 11,150 sq.m. (120,000 sq. ft.) factory at Birmingham’s Advanced Manufacturing Hub, Aston, Birmingham will be completed by mid-2015, creating and safeguarding almost 200 long term jobs while generating upwards of a hundred jobs in HydraForce’s supply chain.

The Deputy Prime Minister Nick Clegg said: “Growth Deals are about local areas leading their own growth, giving more power to people in the regions so we work together to build a strong economy and a fairer society."

“I was impressed with HydraForce’s ambitious plans to double its turnover and significantly increase its UK workforce. This US company has been in Birmingham for over a quarter of a century and this investment is securing its future in the Midlands.”

HydraForce, which currently employs 280 at its European headquarters at Aston, Birmingham is building the new factory in response to a huge increase in demand for its products. Job numbers at the company, will nearly double their turnover by 2018.

Using the £1.8 million grant from the Government’s Regional Growth Fund, the company completed the deal with landowners, The Homes and Communities Agency (HCA), over the summer and will move the entire business and staff to its new world class facility in August 2015.

The move also sees HydraForce become the inaugural tenant of the Advanced Manufacturing Hub, one of six economic zones in Birmingham. The zones: advanced manufacturing; business & professional services; creative & digital media; life sciences; food & drink; IT, electronics & communications (ITEC) will provide growth environments for key sectors.

HydraForce managing director, Peter Macdonald, said: “The Advanced Manufacturing Hub is the ideal site for us. It is logistically well-placed and very close to our existing premises at St Stephen’s Street, Aston so it will be easier for our staff to move with us.”

This new facility is proof of HydraForce's commitment to their customers in Europe and the continued inovation of hydraulic controls globally.

Deputy Prime Minister Nick CleggDeputy Prime Minister Nick Clegg and HydraForce Ltd Managing Director Peter Macdonald

Deputy Prime Minister Nick Clegg HydraForce LTDDeputy Prime Minister Nick Clegg with HydraForce Ltd Chairman Julian Westwood and Managing Director Peter Macdonald