The Hull-based construction company will use the funding for expansion, with the finance already enabling Westlinks to create five new jobs.
The remaining funding will provide additional working capital to allow it to take on new and larger contracts, expand its workshop facilities and develop new products.
“We are delighted to receive this support from the Northern Powerhouse Investment Fund through Mercia Fund Managers,” said Brian Gilliland, director of Westlinks Joiners and Locksmiths (pictured above, middle).
“We’re a growing, ambitious company and this funding will help us turn aspiration into achievement.”
Westlinks undertakes major renovation, maintenance and adaptation work for a variety of commercial and public sector clients, housing associations and charities.
The company employs over 45 staff working on site and at its bespoke joinery workshop.
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“Westlinks Services is a skilled and experienced team which has built strong relationships with the major local contractors and social housing providers,” added Ian Atkinson, investment manager at Mercia Fund Managers, which manages NPIF – Mercia Debt Finance (pictured above, left).
“The company now has the opportunity to take on additional work that will underpin its growth strategy.
“This funding will provide the additional working capital required to support the growth in turnover during the year ahead.”
Jon Brunton, Humber LEP Growth Hub business adviser at Hull City Council (pictured above, right), said: “Westlinks approached the Humber LEP Growth Hub to talk through their business growth plans and the funding options available.
“After an initial meeting with Brian, I introduced the company to NPIF – Mercia Debt Finance.
“I am pleased that the Growth Hub was able to broker a successful relationship between a thriving and ambitious local company and one of our key delivery partners in the Humber region.
“The Growth Hub will continue to provide business support to Westlinks in the coming months as the company moves forwards with its growth strategy.”