Derby City Council has shared their excitement and passion to work together to ensure that this high quality facility be allowed to realise its full potential in the city, which in time will see it employ skilled local talent and be showcased on the global engineering stage.
As a purpose-built facility for the development and manufacture of composite parts, its focus is on Nèos Composites establishing itself in Derby and enhancing the company’s plan to grow the current customer base across multiple industries.
The company is already engaged in exciting, niche growth sectors with large F1, motorsport, aerospace, defence, rail and space programmes already underway. Over a two-year timescale, they expect to generate an annual revenue of £20 million from the facility, whilst also supporting the introduction of other group companies into the area, such as Nèos Automation, Nèos Technologies, and Nèos Tooling Solutions.
The group plans to employ a growing number of local people. It anticipates up to 150 direct roles to be developed within the next two years at the site, with many hundreds more through indirect employment within its extended supply chain.
Tim Wybrow, managing director of Nèos Composites (right) said: “By leveraging the long and proud engineering history of Derby, we expect to grow our group quickly in terms of employees and projects, generating long term, high quality employment, as well as boosting the supply chains and collaborative opportunities available within the city.
“Across our business units today, we recognise the benefit of supporting young people taking their first steps into the world of work. From work experience to apprenticeships and vocational training, we truly believe in investing in people. With the support of Derby City Council, we look to develop a technical apprentice program to nurture the next generation, through engagement with local schools and colleges.”
Carl Roberts, Nèos International’s CEO commented: “Many of our customers and the sectors we serve are represented within Derby city or the wider county. From aerospace, to automotive and from nuclear to infrastructure, you can find all these sectors represented within Derby.
“By assimilating several of our business units together in one facility, we expect to leverage the very best of what the city has to offer in terms of the workforce and the supply chain.”
Paul Simpson, chief executive of Derby City Council said that Nèos’ move built on the city’s three key pillars for economic recovery – maintaining confidence, diversification and decarbonisation – and would be welcomed by many of the organisations already in the city.
“For the city, and indeed the Council, the move fits perfectly with our future ambitions; Nèos’ focus on innovation, and their diverse market specialism ticks key boxes in our economic recovery strategy,” he said. “Their background in aerospace, automotive, composite and rail mean a number of organisations already operating in Derby will benefit, so we’re excited to see the positive implications for our local supply chain.”