New jobs on the way as plastics specialist takes 40,000 sq ft at enterprise park

A plastics firm which has signed up to a 40,000 sq ft warehouse at Humber Enterprise Park in Brough says it expects to create a number of jobs as part of the relocation after seeing a 30% rise in exports.

LC Industrial, a tie up between LRE Capital and Leeds-based business specialist Citivale, has agreed a deal with Dearing Plastics, a plastics mouldings company, which will move to the 79-acre park next month as part of wider expansion plans.

The warehouse unit has been recently refurbished and also includes office accommodation. It is anticipated that the move will lead to the firm employing additional staff.

Andy Harris, director of Dearing Plastics, said: “In the past four years we have seen continued growth and as a result have outgrown our base in Hull. The increase of almost 30% in exports, coupled with the investment in own product tooling, has seen the company invest in larger moulding machines. This has given us the opportunity to offer a greater range of manufacturing capability to many sectors.

“We currently employ 30 permanent staff with 10 agency workers. It is envisaged that once the move is completed, we will then begin a recruitment drive to employ more permanent staff in all areas of our production.

“We decided to move to the Enterprise Park because we needed premises that had sufficient energy availability for our large injection moulding machines. In addition, the standard of the site had to be such that our blue chip clients were confident that their investment in tooling was safeguarded on our site.”

Humber Enterprise Park incorporates 1.3 million sq ft of office and industrial space and 20 acres of development land. The site benefits from Enterprise Zone and Assisted Area Status, which offers incentives to attract new occupiers. LC Industrial was launched in 2015 to invest in the UK industrial sector.

Sassan Ahsani, managing director and founder of LRE Capital commented: “It gives us immense pleasure to welcome such a successful company to our park. Their move is a resounding endorsement of what we are trying to achieve at this unique development, creating a new thriving business community with breath-taking views on the banks of the Humber.”

James Appleton-Metcalfe, managing director of Citivale said, “Already our competitive rents and unrivalled working environment are proving attractive to a whole raft of different occupiers. For example, a company moving here and taking 5,000 sq ft of space, would save over £500,000 over a five-year period compared with other office developments in the area.”

Ben Medhurst, director at PPH Commercial who negotiated the transaction on behalf of the landlords, said: “It is great to see a local company such as Dearing Plastics decide to relocate to Brough, carrying on a long tradition of manufacturing at the site. The site is an enterprise zone and provides some of the largest single buildings in the East Riding, with very low occupational costs. The landlords need to be congratulated on creating a dynamic business environment which is proving attractive in the local market place.”

So far £6million has been spent on regenerating the whole site with another £1.2m earmarked for further improvements. It is estimated that 1,600 new and sustainable jobs will be created when the park is fully developed during the next three years.

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