100 New Jobs from Coast to Capital Growing Places Deal
12 August 2015
Coast to Capital has announced its latest loan investment from its Growing Places Fund of £2.5m to GE-AET Ltd in Crawley, West Sussex. The deal has the potential to create 100 new jobs in West Sussex.
GE-AET Ltd offers industrial corporations the opportunity to install energy-saving technology systems that have the potential to reduce up to 85% of the cost of heating and ventilating high volume industrial and commercial buildings. The company will manufacture its new energy-saving technology products and systems in West Sussex.
David Jones, GE-AET company’s Chief Technical Officer says: “The solution to provide risk-free energy savings was made possible thanks to Coast to Capital and its Growing Places Fund. The Coast to Capital team has been extremely helpful in assisting us to finance a new manufacturing plant from where we will manufacture and install high efficiency energy systems for many of the UKs leading companies.”
GE-AET Ltd is looking to create over 100 wide ranging new jobs in the next 18 months across the areas of IT, Sales/Marketing, Engineering, and manufacturing as well as office related posts.
Ron Crank, Chief Executive of Coast to Capital LEP said: “I am glad to see that the Growing Places Fund is able to support such an innovative and exciting company. I look forward to seeing GE-AET achieve its expected growth in the coming years as a result of our investment.”
For more information visit: http://www.globe-energy.com/ and www.coast2capital.org.uk