An ENGINE parts supplier in Chesterfield has expanded its stock and created new jobs after opening a second unit with the help of a £117,000 Lloyds TSB Commercial loan.
Foxwood Diesel, on Whitting Valley Road, has rented a new 3,000sq ft unit along the same road and is moving machinery to the unit and converting its old unit into a bus garage.
The extra space will increase its number of available reconditioned engines which will enable workers to complete orders from bus companies more quickly and efficiently.
Foxwood Diesel managing director Ken Worsdale said: “Working conditions in the unit had become cramped.”
But he explained the unit means the company can work and store equipment in the same space and complete orders faster.
The move has created two jobs and is expected to lead to further employment opportunities. Foxwood Diesel approached Lloyds TSB Commercial for support and the bank provided the loan to assist growth plans.
Paul Cartwright, of Lloyds TSB Commercial, said: “This new unit will really help to push the business forward and with our expert knowledge we can look to support the company as it looks to continue its growth.”
Foxwood Diesel was established in 1988 and supplies Cummins engine parts as well as engine spares and reconditioned components for bus and truck engines.