A Wakefield firm which manufactures and distributes electrical equipment, has invested more than £9m to double the size of its operations and create 144 jobs.
OE Electrics now has a 66,000 sq ft energy-efficient facility that was custom built for the firm at Calder Park, enabling it to double its capacity.
The project was completed with the support of a £500k fund from the Leeds City Region Enterprise Partnership’s (LEP) Business Growth Programme and a LEP Loan of £1m from the Growing Places Fund.
OE Electrics picked up Business of the Year at the 2017 Wakefield Express Business Awards in June.
David Masters, group managing director, said: “This investment from the LEP and other sources has not only enabled us to double our operations, it also means we can supply to new sectors.
“We initially only supplied electrical equipment to offices but we are now able to look to the education, healthcare, leisure and passenger transport markets.
“We manufacture in Australia too and export to the Middle East, America and currently a small part of Europe. We’re now developing a European Distribution Network to hopefully expand our operations in this region and expect this to be a large area of growth, despite Brexit.
“Innovation is something that is really important to us and we’re launching five new electrical products this year.”
The 144 new jobs that are being created will mostly be recruited from the West Yorkshire area. An apprenticeship programme that will recruit at least 10 apprentices within the next eight years is also in the pipeline.
Mr Masters added: “As well as enabling us to improve our efficiency and accommodate growth, our new state-of-the art facility has been built as a showroom for our customers and to provide the best possible working conditions for our employees.”
OE House contains the firm’s head office, warehouse, distributing and R&D operations.
Andrew Wright, chair of the LEP Business, Innovation and Growth (BIG) Panel, commented: “OE Electrics was voted Wakefield Business of the Year in June 2017 which is not surprising due to its rapid expansion over the last few months and the state-of-the-art facilities it has provided for its staff.
“Despite uncertain conditions in the wake of Brexit, this is an example of a British company that has continued to grow and diversify its operations whilst supporting the local economy through job creation.”