It’s a mixed motorcycle news day as reports of the continuing economic crisis and its effect on the European motorcycle market continue (Italy’s July motorcycles sales for 2011 are down 23 percent on last year), but now we get the announcement that Norton Motorcycles from the UK is receiving a government grant.
Getting the Norton brand off the ground and selling bikes is no easy task, and the trade loan from the UK government has been issued under the Exports Enterprise Finance Guarantee Scheme.
The funds will go to increasing Norton production to 1,000 units a year, but we’re guessing that they won’t be looking at Italy for high sales.
Under the agreement, Norton will receive £625,000 (approx.
€715,000) from the Santander bank to increase its production.
The export financing is also expected to provide more jobs as Norton expands its workforce to 60 full time staff by 2012.
Head of Norton Motorcycles, Stuart Garner, says:The ExEFG scheme has enabled our business to grow rapidly to meet the demands of an ever increasing international customer base and I am thrilled we now have the opportunity to take on more staff to join our team.
This scheme will not only benefit Norton and the local area, by supporting enterprising firms across the country it will help drive forward the British economy.
Here’s hoping we get to see some more Norton Commando models coming our way as the company expands, despite the difficult economic environment the motorcycle industry is in right now.
Can you believe that Prince William waited almost a decade before putting a ring on Kate Middleton's finger? But apparently, the reason behind his patience was all about giving his lady love "the best chance" possible. Talk about being a true gentleman!
Following a petition by a Labour MP, Robert Milligan Statue was taken down by JCB.
The ministry announced that obtaining a possible immunity certification could also eliminate social distance.
The seal, nicknamed Freddie Mercury, who became popular after his numerous appearances by the Thames, has been euthanised after a dog attacked him on Sunday.
The 19-years-old is supposed to have left his home around 8.30 pm on March 22.
When you travel to a different city, either for business or for holidays, you should always look for a way to comfortably move to the places you are going to visit, which can be done by hiring the services of a rental car. It is an effective form of transport that is easily accessible, even at the airport of arrival.