50 jobs to stay in Leicestershire as civil engineering firm takes 60,000 sq ft unit
Geosynthetics, which supplies products to the civil engineering sector, is relocating to a new 60,000 sq ft Net Zero Ready unit on IM Properties’ Hinckley Park scheme in Leicestershire.
The move retains 50 jobs in the region and consolidates three separate locations into a single unit.
Established 25 years ago by Hinckley man, Chris Foxton, and now led by Nuneaton born managing director, Tracy Woods, Geosynthetics has grown from a home business to an annual turnover of £12 million.
“We’ve been looking for a while and we’re relieved to be staying in Hinckley,” said Woods, who herself started as a trainee salesperson at the company, age 16.
“The local people are our business and when we got into discussions with IM Properties about its Hinckley Park site, there seemed so many synergies, we just knew we had to make it happen.”
Located next to junction 1, M69, Hinckley Park has already created jobs for 1,500 people, as home to one of Europe’s largest and most technically-advanced parcel depots, owned by DPD and a 532,000 sq ft unit let to Amazon.
Woods continued: “Sustainability is central to our business and all our lives, so securing an industry leading BREEAM Excellent, EPC A rated building reflects our values and commitment to the future generations we’re looking to employ.
“We’re a very family orientated business which offers flexible working hours, has 60 per cent women in its senior management team and constantly strives to look after the wellbeing and career aspirations of those we employ.
“We’ve got trainees of 20 years ago, now acting as mentors to the new apprentices coming through. If people want to progress, we always find a pathway. Seeing people grow is our biggest pleasure.”
Geosynthetics unit will sit alongside a new Net Zero Ready, 340,000 sq ft spec unit and a 47,000 sq ft unit on phase three of the 18-acre scheme.
Harry Goodman, development manager at IM Properties said: “We welcome the opportunity to work with a real local success story and provider of first-class employment in the area.
“Like us, Geosynthetics have developed strong links with the local schools and colleges, recognising the importance of investing in young people by providing them with skills and training.
“It’s fantastic to work in partnership to facilitate this growth opportunity for Geosynthetics. It would have been a big blow to the area if they had had to look further afield for a new HQ.”
IM Properties is represented by local agents Wells McFarlane and CBRE and Avison Young.
