Funding secured to continue our growth
We are delighted to share news of the major investment the company has secured from FW Capital to continue our growth, which in recent years has seen us reach new turnover milestones, expand into new sectors and complete major projects worldwide.
We have received a £300,000 loan from the Tees Valley Catalyst Fund and The Northern Powerhouse Investment Fund (NPIF) has invested £500,000 which will support the growth required to fulfil our contract on the Boston Barrier and facilitate a relocation to larger premises, as well as funding 10 more jobs.
Allison Routledge, Investment Executive, at FW Capital, said: “We are delighted to support such a long-established and successful family business to win new contracts, grow and employ more people in Tees Valley.
“Paul Griffiths MBE has made an incredible contribution to engineering and apprenticeships on Teesside and we are confident that this funding will enable IMH to reach new heights of success.”
James Griffiths, Managing Director at IMH, added: “We are delighted to have secured this investment from FW Capital, which enabled us to secure a major contract and employ more specialist hydraulic engineers as a result. The project will further cement our presence in the infrastructure sector and contribute to our ongoing business growth. We are very grateful to FW Capital for their help and support.”
We’ll be revealing more of our plans over the coming months around growth – though if you are a hydraulic technician looking for your next role take a look at our careers page and get in touch.