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 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. 

GPF funding was added to a £500,000 grant from the LEP’s Business Growth Programme and private investment. 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 will recruit at least 10 apprentices within the next eight years.

Read more about our support for OE Electrics on the LEP website.

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

 

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