A County Durham roofing business is planning to extend operations and triple its turnover following a 5 figure funding from the North East Small Loan Fund.
Shildon based company Aspect Facades secured the £50k investment via regional fund management company NEL Fund Managers.
Co-based in 2017 using Daniel Parker and Andrew Howe, the enterprise specializes in the design, supply, installation, and maintenance of sustainable cladding and roofing systems, and expects to create several new jobs as a part of its expansion.
The company plans to use the investment to take on and deliver more in their very own initiatives both domestically and also afield, following involvement with Jarrow Hub in South Tyneside and Sunderland’s City Green rental constructing.
Aspect Facades co-founder Daniel Parker commented: “Having to get right of entry to enough running capital is essential for growing organizations inside the creative enterprise, and the sector faces unique challenges in terms of attracting out of doors investment.
“The NEL crew checked out us as a character enterprise and noticed the capability we’ve got for a significant boom in the following few years, which we’re now in an outstanding function to start realizing.”
It is supported by the European Regional Development Fund, the North East Small Loan Fund initiative goals to assist the increase of neighborhood SMEs.
Mike Gillard, a funding government at NEL Fund Managers, added: “Aspect has secured a strong role in a rewarding area of interest marketplace, and with high activity tiers being sustained across the North East production area, it now has every threat to make even more progress.”