Marshall Slingsby Advanced Composites has received an investment in the order of £5m from the Marshall Group to further enhance and develop the capabilities within the business, to meet growing demands for advanced composite structures in the aerospace and defence sectors. The investment will enable the procurement of high value manufacturing and test equipment and related design tools. Furthermore, development and training in emerging processing techniques is planned to support a wide range of composite engineered solutions. Coupled with this investment, there will also be significant upgrade and refurbishment of the company's manufacturing facility at Kirkbymoorside, North Yorks.

Already enjoying healthy year-on-year growth, the investment in new plant, equipment, process development and training is expected to result in Marshall Slingsby achieving a 50% increase in turnover by 2016.

Steven Boyd, Managing Director of Marshall Slingsby, comments: "This significant investment enables us to develop the business at a faster pace than would otherwise be possible whilst maintaining our leading position in a number of market sectors. Marshall Slingsby is already renowned for delivering to time, quality and cost on a number of high profile complex projects and we will now be able to offer our customers more value added solutions through additional capability and capacity."

The investment will initially provide Marshall Slingsby with the latest in Design for Manufacture (DFM) software, CNC machining and grinding equipment, ply laser projection, automated component measuring, Non-Destructive Test equipment (NDT) and Resin Transfer Moulding (RTM).