Work has commenced at Clowne-based lifting equipment manufacturer Penny Hydraulics on a £1.5M site development which will create ten new job opportunities within the next two years.
Family-owned Penny Hydraulics Ltd is planning to expand its workforce thanks to the build of a new warehousing facility which will allow increased levels of stock, and a new office building to offer space to expand its design team.
New job opportunities at the firm will include mechanical engineers, administrators, welders and fabricators- offering excellent employment opportunities within the Bolsover district.
The company already employs 90 people, most of whom hail from the Clowne area and surrounding villages.
Robin Penny, son of founder John Penny and current MD of the company, said: “We have to continually invest in the people, the systems and the site that make up our business- otherwise we would fall behind our competitors.
“To do this we need to make a profit and so we are always looking at ways to improve our margins.
“Training, green technologies and access to European funding are just some of the areas we have used to increase our profits by reducing overheads and increasing productivity.”
The development comes after the industry body StartUp Britain announced that the district of Bolsover generated more entrepreneurs per head of population in 2015 than any other area of the country outside London, with 25 new companies registered per 1,000 people.
““Bolsover District Council is very active in suppporting local businesses, giving training and funding. They have been very helpful and are a real partner to us in what we do,” added Robin.