Grant boost for cryogenics firm

A cryogenics equipment supplier based in Washington is investing nearly half a million pounds to expand and modernising its business


A cryogenics equipment supplier based in Washington, Tyne and Wear, is investing nearly half a million pounds to expand and modernise its business, creating 20 new jobs in the process.


Statebourne Cryogenics is the UK’s leading manufacturer of cryogenic vessels – vacuum flasks which are filled with liquid nitrogen and used to transport or store biological material or gases at very low temperatures.


The investment, a capital sum of £360,000 and a Selective Finance for Investment (SFI) Grant of £100,000 from One NorthEast, will create 20 new full time jobs and assist in modernisation and investment at the Washington site. This includes the purchase and installation of additional manufacturing equipment to diversify the product offering to include newly designed vessels for the cattle breeding market.


Jim Haley, managing director of Statebourne Cryogenics, said: ‘We are delighted to have been awarded a Selective Finance for Investment (SFI) Grant of £100,000, which has helped us target the cattle breeding market that was previously out of reach.


‘The grant has enabled us to expand the business by taking over the adjacent unit on site and purchase and install new manufacturing equipment. This has also allowed us more space to cope with the increasing volumes of units produced and to streamline the layout of the current manufacturing facilities into dedicated assembly lines.


‘With the increased production capacity, the company can manufacture more vessels aimed at this high volume, global market.’


Ian Williams, One NorthEast director of business and industry, said: ‘Statebourne Cryogenics is a real north east family business and is one of the leading cryogenics manufacturing companies in the UK.


This project is being part financed by the European Regional Development Fund.