Electronics firm connects to £450,000 of funding

CHESHIRE-based electronics design and manufacturing company Electrica is expanding its operations as part of a £450,000 finance deal with NatWest.

The business, which supports customers working in life science, defence, aviation, research, automotive, defence and residential sectors, will continue to operate in its extended Dukinfield facility  after increasing its production line and design services to support its growing customer base.

Managing director Eric Nield said: “We found ourselves in a position where we had outgrown our main premises but due to the specialist equipment we use a full move would have been very challenging.

“So when the opportunity arose to acquire the units adjacent to ours it was ideal as we could expand operations instead of just moving.”

The extension is expected to be complete by the end of March and up to 10 new jobs are to be created over the next 12 months.

When the time came to obtain funding to support the move, Nield turned to NatWest relationship director Simon Jones.
 
“Working with Simon was very positive,” he said. “He approached us last year to say the bank was interested in supporting us with funding and he kept in touch with us about this.

“So when the units became available for purchase it was quite straightforward to secure the funding we needed.”