Yorkshire glass coating firm secures £750k for carbon-reducing expansion plans
A Yorkshire glass coating company has announced that it is expanding its operations after receiving a £750k loan.
Protective Film Solutions (PFS), based in Wakefield, has secured the funding from NPIF – Mercia Debt Finance, which is managed by Mercia and part of the Northern Powerhouse Investment Fund.
The company, which specialises in glass coatings and window films, is an installer of Clarifoil, an anti-fog film which helps to keep freezer doors clear and saves thousands of tonnes of carbon each year.
The funding will allow it to expand its operation in the UK and create three new jobs, as well as targeting the US market.
Mark Williams, the company’s chair, commented: “Reducing costs and carbon emissions is a priority for the major supermarket chains, and freezer cabinets are a significant factor in energy use.
“A typical store can save 31,000 tonnes of carbon per year using Clarifoil. Given our track record carrying out installations for the big UK supermarkets, we are well placed to target the major US chains and are grateful to Mercia and NPIF for their support in helping us to do this.”
David Wright of Mercia added: “PFS has built a global reputation for the successful delivery of complex multi-site projects for some of the world’s leading companies.
“This funding will enable it to expand its local workforce, build its market position in both the UK and tap into opportunities in the vast US market.”
Sean Hutchinson at British Business Bank said: “Investment into the low carbon and renewable energy economy is a priorty for the Northern Powerhouse Investment Fund, and Northern businesses such as PFS are leading the way when it comes to helping businesses meet sustainability targets.
“We’re pleased to support PFS on their growth journey, as they create new jobs and target the US market.”
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