£81m share is not to be sneezed at

SIDCOT Investments is set to receive a share of an £81 million developmen fund.

The company, owner of successful tissue converting business Matryx and Negociar, a trading company, says the investment will allow the installation of a state of the art new tissue-making machine at its site in Woodstock Business Park, Royton.

The £25 million project will be the first installation of such a machine in the UK in eight years.

Company CEO Nigel Samuel said: “We are delighted with the support provided by the North-West Regional Growth Fund, without which the project would have been unable to proceed.”

Eighteen businesses and organisations in the region benefited from the cash handed out by the Government fund.

They included Manchester-based internet and catalogue home-shopping firm N Brown Group plc, which has a distribution centre in Shaw, and engineering and plastics company Patterson and Rothwell Limited, based at Mount Pleasant Industrial Estate.