Rugby manufacturer hopes to create 30 new jobs after securing a £1.25m investment
The money means the business can move ahead with its expansion plans
A Rugby manufacturer is hoping to create 30 new jobs after securing a £1.25m investment.
Off Grid Energy said the money has allowed them to move to a new 30,000sq ft premises in Stepnell Park, Rugby.
The business, which manufactures 'energy storage solutions', was awarded the money from The Midlands Engine Investment Fund (MEIF), provided by The FSE Group, Debt Finance Fund and backed by the Coronavirus Business Interruption Loan Scheme (CBILS).
The business said it now wants to become a full production operation and create 30 new skilled positions, which they hope to offer to local people.
Janene Dooler, joint managing director of Off Grid Energy, said: “Our recent exciting relocation means that now all our energy needs are met by renewable sources and combined with having a private network on the estate, gives us the ability to develop our technology to the max.
"Since 2011, we have pioneered and become experts in providing smart, efficient power solutions which save money and significantly reduce carbon footprint in the temporary power sector.
"The funding received from MEIF via Chirag at The FSE Group, will enable us to grow and expand as a business, enabling high quality job creation to permit us to develop our products to enable us to achieve this goal.”