Lincoln-based Turbine Efficiency is getting a multi-million pound investment to expand its premises and create jobs.
An additional unit will be added onto its current site in Witham St Hughs, south Lincoln, later this year.
The multi-award winning company which specialises in the maintenance, service and overhaul of gas turbines and associated equipment currently has 60 staff across two sites and is looking to increase this by 20% over the next year.
The building will be ready for the company to stretch into about mid-year, expanding its current space by 20,000 sq ft.
The move comes after the Clydesdale Bank agreed to provide multi-million pound investment funding to support the firm’s continued expansion.
The business was established in Lincoln by Alan Hawkins in 2000 and specialises in the maintenance, service and overhaul of gas turbines and associated equipment
CEO Alan Hawkins said: “Our success is driven by a holistic approach to the power needs of our customers and our impeccable track record in supporting them on an international basis.”
David Burgess, Business Development Manager at Clydesdale Bank’s Business and Private Banking Centre in Lincoln, added: “As the economic outlook continues to improve, Clydesdale Bank remains focused on supporting the growth ambitions of businesses in Lincoln.”