A leak detection and environmental protection systems specialist in Huddersfield has secured a £180,000 investment to drive product R&D.
The investment, from NPIF – FW Capital Debt Finance, managed by FW Capital and part of the Northern Powerhouse Investment Fund (NPIF), will also be used to maximise Andel’s growth potential in domestic and international markets.
The funding will also provide the deposit for a new road tanker for the IWS division, which operates several road tankers to empty interceptor tanks and safely dispose of the oil and silt waste.
Keith Charlton, Senior Investment Executive, at FW Capital, said: “This is an exciting time for Andel and we are delighted to have been able to support them in their incredible success.”
Julie Greenwood, Andel Managing Director, said: “The investment from FW Capital comes at a time of unprecedented growth, with many exciting new projects in the pipeline.
“The team at FW Capital really understand our business and were able to offer the funding we needed in a really helpful and efficient way. We look forward to continuing our partnership with them.”