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.