May 22 2013 Latest news:
Saturday, March 23, 2013
A specialist sourcing and supply company serving the energy sector is moving to the Great Yarmouth and Lowestoft Enterprise Zone, with the prospect of new jobs to follow.
Electro-tech, which helps clients such as operators of supply vessels, offshore platforms, wind farms, power stations and oil refineries to purchase equipment from a single supplier, has taken new premises on the Beacon Park site at Gorleston – between Lowestoft and Yarmouth – that have been developed by local company Wellington Construction.
The enterprise zone, created by the New Anglia Local Enterprise Partnership (LEP), involves a total of six sites around Lowestoft and Great Yarmouth, with businesses relocating benefiting from a discount on business rates of up to £275,000 and simplified planning arrangements.
Gary Keyzor, managing director of Electro-tech, said: “This is a fantastic opportunity to grow our business in the Enterprise Zone.
“The benefits will make a really positive impact on our business. As well as providing our service for clients around the world we’re surrounded by energy companies in Great Yarmouth and Lowestoft and can provide a great service, which will save them time and money.
“We’ve already recruited an extra three people, so employ nine in total, but our new premises in the enterprise zone are around 10 times bigger than our current premises. We’ve got ambitious plans for expansion.”
Andy Wood, chairman of New Anglia LEP, said: “Electro-tech is a business which provides an important service to the energy sector and we’re delighted that they are moving into the Enterprise Zone.
“In the past few months we’ve welcomed jack-up vessel company, Seajacks, engineering training company Nexus and Virgin Flightstore to the enterprise zone. Electro-tech joins our group of companies at an exciting time in the energy sector where there are some really great opportunities to grow.”
Local Government Minister Brandon Lewis, who is MP for Great Yarmouth, added: “Economic growth is this Government’s biggest priority and enterprise zones are the engine room of that strategy.
“They are a fantastic way to attract the jobs and business investment that local areas need. I’m delighted Electro-tech have made the move and look forward to many more businesses arriving in East Anglia in the coming years.”
The East of England energy sector is expected to attract more than £50billion in capital investment over the next 20 years, in areas including offshore wind, oil and gas exploration and extraction, nuclear new-build and decommissioning and gas storage and platform decommissioning.
Norfolk turkey giant Bernard Matthews is in talks to sell a stake in the business.