Stockton logistics firm expands its premises following grant win
InBond plans to employ 12 new members of staff and safeguard three existing positions following its expansion into an adjoining warehouse, formally occupied by Cordell Group Limited, on Malleable Way in Stockton-on-Tees.
Its expansion has been backed by £144,000 in funding from the Tees Valley Capital Grant, managed by the Tees Valley Combined Authority, and was secured with support from Baldwins Accountants.
Set up by the SSI Task Force, the grant was established to help local firms develop, which in turn would promote job creation, helping to grow the economy and support its recovery from the SSI closure.
InBond's new building is an 80,000 sq ft high bay warehouse and it will allow the firm to offer further specialist & bonded storage, distribution and freight services for numerous imported products. Finance director of InBond, Craig Rye, said: "This expansion is going to enable the company to grow both its infrastructure and team, which is fantastic!
"Following the expansion, we are also looking to further enhance our ‘Pick & Pack' and e-commerce services within the new premises, so it's a very exciting time for us.
"I would like to thank the SSI Task Force for the support it has given us. Without the grant, the expansion wouldn't have been possible.
Baldwins director, Andrew Rowe, said: "It's great to see another Teesside firm benefit from the SSI Task Force grant.
"These funds are a fantastic resource for businesses as they give a helping hand to entrepreneurs, allowing them progress to the next level, something which may not have not been possible without the support of the grant."
Amanda Skelton, chair of the SSI Task Force, said: "The SSI Task Force is committed to helping the Tees Valley economy to grow by supporting companies like InBond with its expansion plans.
"More than 1,700 new jobs have been created through this programme to date and funding is still available to help other ambitious firms."
Published: 07 December 2017