A TECHNOLOGY company will double its workforce thanks to a £100,000 investment.
UK Steel Enterprise has ensured a bright future for Hartlepool-based Durable Technologies, which designs lighting control systems for use in large buildings from offices and colleges to hospitals.
We could not have done what we have done without being here and having UK Steel Enterprise’s support. Durable Technologies managing director Alex CarterAlex Carter, Durable Technologies
The £100,000 equity and loan investment will provide vital working capital to its manufacturing arm and has come from UKSE’s Equity Growth Fund, backed by the government’s Regional Growth Fund.
The company expects to double its workforce to 12 and its turnover to around £600,000 in the next 12 months.
Managing director Alex Carter, who started Durable in 2008 with his wife Lorraine, said: “We could not have done what we have done without being here and having UK Steel Enterprise’s support.”
Sarah Thorpe of UK Steel Enterprise said the investment “demonstrates our confidence in the company’s prospects for growth.”
Tony Luckett of business advisers Clive Owen LLP said: “We have worked with Durable Technologies for many years and the recent input from the Manufacturing Advisory Service and North East BIC alongside the continued support and investment from UK Steel Enterprise have all played a significant part in ensuring this manufacturing project is established here in Teesside.”