LEP grant kick starts engineering firm’s growth

A specialist engineering firm based in the Holme Valley is celebrating after a visit from local Member of Parliament for Holme Valley, Colne Valley and Lindley, Jason McCartney put it firmly on the road to growth as it received good news from Leeds LEP on a capital investment grant.

Despite being born mid-recession, Meltham Thermal Engineers (MTE) has been consistently successful and quickly reached capacity in its current home. In order to reach its full growth potential the company is planning a move to purpose built factory premises in Slaithwaite in early 2016.

The 34,000 sq ft unit will give MTE an additional 12,000 sq ft of useable space which will house two new, state-of-the-art Ipsen furnaces with space to add a third within two years. The £70,000 LEP grant will partially fund these world class furnaces, which will be the first in the UK.

They are set to increase capacity by 25 per cent,  whilst reducing running costs by 50 per cent due to their extreme efficiency. This capital investment will create seven new jobs, and take the total growth investment by the business to £3.5 million.

MTE director Geoff Windas said: “We enjoyed showing Mr McCartney around last week and explaining our growth plans to him. The whole team is eager to progress with the move and the MP is known for supporting local businesses. It’s great to know that he believes MTE to be a good example of a company with growth potential.”

Mr McCartney said:  “I thoroughly enjoyed hearing firsthand about the growth which capital investment will facilitate for Meltham Thermal Engineers. The company is maintaining the region’s reputation for excellence in heavy engineering and this substantial investment in equipment will position it at the forefront of the heat treatment industry.”

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