VTL GroupUK – The maker of precision-engineered components has now received a total of £5.5m ($8.3m) from BGF since September 2013, alongside loan funding from HSBC. VTL is launching a capital investment programme ahead of an eight-year project to supply engine parts to Jaguar Land Rover (JLR), via Ryobi UK.

The parts are for JLR’s new engine platform, the first to be designed and delivered in-house since the late 1990s. Beginning in the second half of 2016, VTL will supply the vehicle-maker’s new £350m plant in Wolverhampton from its manufacturing sites in Huddersfield.

“The cam-carrier project is a significant win for the business, and for British engineering,” commented Bruno Jouan, chief executive at VTL.