Teesside equipment hire company to create new jobs with £48k funding

A Teesside equipment hire firm has announced that it is planning to create new jobs after receiving £48k of funding.

Foster Plant Hire, based in Redcar, secured the funding through business support consultancy Nudl from the Tees Valley growth hub at TVCA.

The funding will go towards the company’s purchase of new equipment worth £89k as part of a project that will create five new jobs.

The company has been in business for 35 years and provides equipment to the construction industry, councils and the Highways Agency.

Allan Foster, co-director of the firm, commented: “We’ve received £48k in funding, which will go towards the cost of a new forklift truck and JCB, meaning we can take on hire jobs that we would previously have had to turn down

“We’ll also be taking on some new team members to add to our existing eight; three plant operators, a yard worker and an apprentice.

“This funding means we are able to expand without taking on more debt, which is very important to us.

“The help the Nudl team provided was invaluable, they made the whole process so easy from start to finish, and we can’t wait to get to work with the new equipment.”

Shak Asghar, chief of Nudl, said: “We know that searching and applying for funding can be daunting, not to mention time-consuming.

“We’re here to support firms like Foster Plant Hire, who want to grow but need a little help to access the cash they’re entitled to.

“We love to work with local businesses here on Teesside, so we’re delighted to have helped Allan and the team secure this significant investment.”

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