Growing Places Fund OE Electrics

The LEP’s £1 million Growing Places Fund loan to local employer OE Electrics will enable the manufacturer to double in size eventually as almost 150 extra jobs are created. OE Electrics is a specialist manufacturer of cable management solutions with new contracts in global airport seating and Further Education in the UK.

The LEP’s £1 million Growing Places Fund loan to local employer OE Electrics has enabled a doubling of the manufacturer's capacity. Almost 60 extra jobs have been created with more to follow. OE Electrics is a specialist manufacturer of cable management solutions with new contracts in global airport seating and Further Education in the UK. 

The firm built the facility to a high energy-saving specification complete with LED lighting and solar panels and combined manufacture in a single location to become more efficient.

The company have an apprenticeship programme that has created 4 apprenticeships so far, increasing to 10 by 2025.

About the Growing Places Fund (LEP Loans)

The Leeds City Region Enterprise Partnership (LEP) Growing Places Fund provides loan funding to kick-start stalled development or infrastructure projects that will create homes, jobs and other economic benefits in Leeds City Region. The initial £35.5m Growing Places Fund investment was provided by Government in 2012, specifically to invest in development schemes that are unable to proceed due to a lack of commercial finance.

Project Lead

OE Electrics

District/ Area

Wakefield

Business case summary

Link here

Funding

Growing Places Fund- £1 million

Project Status

Activity 6: Delivery

Start and end dates

2016- 2019

Delivery partners

None

Other funders

O E Electrics

Get in touch (contact information)

lcr@leedscityregion.gov.uk

This page was last updated in Q4 2019/2020