Civil engineering firm to create jobs with seven-figure deal
A Nuneaton-based civil engineering business is set to create around 30 jobs after securing a seven-figure sum to invest in green technology.
Ivor King is harnessing the sun’s power by installing 374 solar panels across its facility in Nuneaton thanks to the funding from HSBC UK.
The funding support will also enable Ivor King to invest in multi-disciplinary, environmentally sensitive equipment, allowing the business to work in low-emission zones. This capability will help create an additional 20-30 jobs and follows a strong period of growth for the company which has seen turnover increase by nearly 40% in 12 months.
Established in 1974, Ivor King specialises in sheet and bored piling.
Dave Smith, finance director at Ivor King, said: “We are committed to continuously improving the sustainability of our workplace and practices. Our new solar panels are just one step in the journey to becoming even more sustainable as an organisation. We are grateful for the ongoing support of HSBC UK as we grow in this area, which is enabling us to take on new work and employees as a result.”
Michal Babel, relationship director at HSBC UK, added: “Ivor King is a well-established civil-engineering business, offering great choice and expertise in pilling solutions to customers across the country. Supporting businesses like Ivor King as they adapt and face up to business challenges is what HSBC UK is about, and we are pleased to be able to help the company in its transition to becoming more sustainable.”
HSBC UK has supported Ivor King since 2014, helping to fund working capital and vital asset purchases, such as new machinery.