Young Entrepreneur Has Shining Business Idea
Having been in pipe and metal fabrication for over 14 years, Francis Patterson had a dream of doing things in a different and better way.
Francis had become bored with doing things the way he’d always done them; he had the dream of wanting to use different welding methods and new materials to create high quality products for his customers using the latest design technologies.
So the first thing Francis did was speak to the Business Support Team at Alt Valley Community Trust in Croxteth. Francis received help through the Enterprise Hub start-up programme which is co-funded through EU funding. Francis met Business Advisor Roy Meredith who helped Francis evaluate the business opportunity and assisted with the production of a business plan and cash flow forecast.
“I hope to bring a fresh approach to fabrication” said Francis. “I want to build up a trusted client base, and also help anyone who is thinking of choosing this industry as a career, by training them to a high standard getting them fully qualified as highly skilled. These aspects will help differentiate my business from many others.”
During discussions with his advisor, the process for applying for start-up loan funding through the Government-backed Start Up Loan scheme was pursued, resulting in a robust business plan and cash flow that was successful in attracting the funds required to get his new business off the ground.
Francis has now set up his new fabrication company – FJP Fabrication Ltd
Francis added: “I plan to make innovation the cornerstone of everything my new business makes; I will use new materials, the latest welding methods, bespoke bracketry and pipe spools combined with the latest CAD/CAM design programmes to create unique work. I also want to use my interest in metal sculpture as an add-on to the business. All in all, a fresh approach in a quite conventional industry.”
Business Advisor Roy Meredith said:“Francis is typical of many of the young entrepreneurs we get through the Enterprise Hub support programme. He adds business passion to innovation and imagination and it’s no surprise that his application for loan funding has been accepted. I fully expect his new business to go onto great things.”
Alt Valley Trust are a partner of Enterprise Hub. Based in North Liverpool, their work helps some of the most disadvantaged communities in Merseyside. They have a business support team that works with new and growing small businesses to help them secure employment and take on staff.