Member Article

Investment boost for Teesside crane specialist

A Teesside crane hire firm is creating new jobs and investing in specialist equipment thanks to a £750,000 investment in the business.

J Hewitt Crane Hire Ltd Middlesbrough has purchased two new cranes weighing in at 50 and 60 tonnes each after gaining backing from Yorkshire Bank’s Tees Valley Financial Solutions Centre, Stockton.

The investment has also helped to create jobs for two new crane drivers.

Founder and managing director, John Hewitt commented: “We are in a high capital investment industry and these latest investments are part of a continuous upgrade of our 32-strong fleet of telescopic cranes.

“We’re long established with a loyal regional customer base, and these latest investments will help us to look after the customers’ needs to that we can grow together when the economy improves.”

John and his wife Norma formed the company in 1980 providing cranes for projects between Newcastle and York. Since then the company has expanded rapidly to 42 staff, and bringing a turnover of over £1 million annually.

Business Partner at Yorkshire Bank Tees Valley Financial Solutions Centre Paul Wells commented: “Yorkshire Bank North East Team is very much open for business with money to lend, which is allowing us to attract well-known North East enterprises such as J Hewitt Crane Hire and we’re pleased to be supporting their investments in the North East economy where there has been so much bad news.”

Yorkshire Bank’s Investing for Growth Initiative gives businesses the chance to take loan repayment holidays, interest only repayments and extended loan and credit terms to support positive growth opportunities.

This was posted in Bdaily's Members' News section by Ruth Mitchell .