Altec Expansion Backed by Regional Growth Fund
Date Added 25/02/2014
Altec is delighted to announce that we have successfully secured "Let's Grow" grant funding to assist with our 2014 expansion and growth programme.
This funding is part of an overall £1.5 million investment in the company, which will result in a 75% increase in floorspace, allowing Altec to double capacity and turnover, whilst boosting profitability.
The new extension, due for completion within the next 6 months, will also result in the recruitment of additional personnel and more apprentices. Director David Steel commented "We have got to take on additional people before we have secured additional sales so, for us, the Let's Grow grant has been essential in easing cash flow looking forward"
"This is an ambitions project for us but the grant has given us the confidence to move forward with it and we are looking forward to welcoming new staff to the team to help us deliver growth."