Shropshire electrical company secures £75,000 in MEIF investment
A Shropshire electrical company has secured £75,000 in investment to support business growth and create new jobs.
Shropshire Electrical Solutions Ltd, based in Shawbury, has received funding from the Midlands Engine Investment Fund (MEIF) to support its growth and expansion following a successful application managed by BCRS Business Loans.
Shropshire Electrical Solutions was founded in 2015 by directors Marc Hammond and John Maddison, who both have a vast array of experience in commercial, industrial, and domestic electrical installations.
The business, which currently employs six people, specialises in electrical and fire alarm systems in the commercial sector. The loan will be used to provide working capital to help fund projects and enable the business to acquire five new vans.
The funding will also enable the company to recruit up to four new staff members to help secure more contracts in the future.
Marc Hammond, Communications and Operations Director at Shropshire Electrical Solutions, said:
“The MEIF investment secured through BCRS will play a key role in helping us to expand our business. Since John and I founded our company, we have worked hard to build up a solid reputation, which has led to continuous growth and a steady number of new contracts.
“As well as helping us to fund projects and acquire new vans, the investment will enable us to bring new talent on board as we generate business.
“We are committed to growing sustainably in the future, maintaining our personal touch with projects, looking after our people and supporting our local community.
“Working with BCRS to secure the loan was really easy. Meeting Business Development Manager Naomi Campion face to face was great. She took the time to understand our business thoroughly and provided all the support we needed with the application process.”
Naomi Campion, Business Development Manager at BCRS Business Loans, said:
“At BCRS, we believe that all viable businesses should be supported, and so we are delighted to be able to provide the funding that Shropshire Electrical Solutions needs to secure further growth.
"Marc and John have built up an impressive business with a strong track record, which gives us great confidence in their future.
“We are committed to supporting small businesses like Shropshire Electrical Solutions in order to increase prosperity across the West Midlands region. As it is our mission to make a positive social and economic impact, we are also pleased that Marc and John will be creating additional jobs to support their growth.”
