Coolkit plots expansion with £200k loan
AN East Lancashire firm that makes insulated linings for refrigerated vehicles has secured a £200,000 loan from Lancashire’s Rosebud Finance.
Coolkit, founded in 2005 by Rupert Gatty, plans to relocate to larger premises in Burnley and invest in new machinery to increase output and efficiency.
The Padiham-based firm, has expanded from 10 to 26 staff since receiving its first Rosebud loan in 2010. It now expects staff numbers to reach 50 within the next three years.
Paul Taberner of Enterprise Ventures said: “CoolKit has established a reputation for quality products and has grown year on year since its inception in 2005. This new investment will allow it to further improve its working practices, generate overall efficiency savings and keep up with the growing demand.”
Rosebud is a finance package supporting Lancashire firms to grow and expand their business. It is managed by Enterprise Ventures on behalf of Lancashire County Developments Ltd (LCDL), the county council’s economic development company.
