Following a funding boost from Finance Yorkshire, York-based Elcocks Limited, which sells, hires and repairs power tools towards trade, is scheduled to re-energise its advertising and marketing strategy.
The firm is headed by brother and sister partnership Andrew Elcock and Claire Bedford, coupled with their father Ivan and was established in 1971 by their grandfather, Claude.
The 30,000 Business Loan from Finance Yorkshire provides additional capital to refine the firm’s advertising and marketing way to further growth.
Ms Bedford said: “We are normally thinking about strategies to boost sales and improve our service and also the funding from Finance Yorkshire is going to be vital in allowing us to produce two new roles while in the business: a sales rep and also a trade counter assistant.”
Finance Yorkshire Chairman James Newman said: “Elcocks is truly one of many hundreds of companies across Yorkshire and Humber that are fitted with received Finance Yorkshire support in an important time of the life cycle in their businesses. Our investments have enabled they then to accomplish their ambitions and turn successful and vital contributors into the continuing development of the Yorkshire and Humber economy C an achievement the fact that Finance Yorkshire can be quite proud.”
Finance Yorkshire Investment Manager Ian Atkinson said: “Elcocks remains significantly loved ones business which prides itself on top class support service and this also has allowed it to compete with names such as B&Q and Screwfix. We are very happy to aid the team while they increase and produce new jobs in close proximity to 50 years considering that the business was formed.”
To date, Finance Yorkshire has invested over 105 million in Yorkshire and Humber, enabling companies to raise their turnover by 377 million and attract another 273 million business private sector sources. Through this activity, Finance Yorkshire investment has helped those SMEs to generate and safeguard over 12,000 jobs in your neighborhood.
Finance Yorkshire provides seedcorn, loan and equity linked investments, cover anything from 15,000 to 2 million to aid many different medium and small sized businesses to fulfill their funding requirements for growth and development.
