HARTLEPOOL has clinched an Enterprise Zone boost thanks to a company which is creating nine new jobs.
Durable Technologies Limited, which designs and makes energy efficient lighting systems, has revealed its expansion plans at Hartlepool’s Queens Meadow Business Park.
The award-winning firm is currently based in the UK Steel Enterprise Innovation Centre but it is moving to new premises which are four times as big.
It is the latest piece of exciting news for the town’s Enterprise Zone, and comes just days after unemployment figures continued to rise in Hartlepool.
Latest Government figures show the jobless had risen by 3.1 per cent within a month, with 4,694 unemployed compared to 4,550 in September.
Earlier this year Omega Plastics and Propipe Limited were the first companies to move into Queens Meadow Business Park – one of 12 Enterprise Zone sites created across the Tees Valley to boost the economy and create jobs.
Companies moving into the Queens Meadow site benefit from rate relief for the next five years.
Hartlepool Mayor Stuart Drummond said: “The Enterprise Zones do offer excellent incentives to companies and clearly I’m delighted that Durable Technologies Limited will be expanding in Hartlepool and creating extra jobs.”
The company was formed in 2007 by Alex Carter and his wife Lorraine Carter.
It quickly built up an impressive client base including Google, Aer Lingus, Bank of New York and Balfour Beatty, and in 2012 won Exporter of the Year at the Hartlepool Business Awards.
Company director Alex Carter said: “In the current economic climate, support for businesses is so important and the Enterprise Zone incentives will help us enormously to grow the business.
“Over the next five years we aim to increase our workforce from four to 13 and we are confident of breaking into new markets.
“The Enterprise Zone assistance will also enable the company to expand its product range by investing more in research and development.”
Simon Hamilton, of UK Steel Enterprise, which runs the Enterprise Centre, said: “It’s been great to see Durable Technologies grow over the years it has been based in our centre, and with support from our funding as well.
“This is a quality company, creating quality jobs and with the additional support from the Enterprise Zone incentives, we see a good future for the company.”
Stephen Catchpole, Managing Director at Tees Valley Unlimited, added: “It is encouraging to see that the incentives offered by Tees Valley Enterprise Zone are acting as a catalyst for companies, such as Durable Technologies Limited, to grow and develop.
“It also bodes well for the area’s economic future that Durable Technologies as well as creating new jobs, has ambitious research and development goals with plans to extend its product range and break into new markets.
Jonathan Simpson, Partner at Sanderson Weatherall – the commercial property agents for Queens Meadow Business Park – said: “This is excellent news for the local economy and it further illustrates the strength of the regional manufacturing sector, where take-up over the last few months has been very encouraging.”
For further information about Enterprise Zones, contact Hartlepool Council on (01429) 523503.