Powerhouse funding paves way for new jobs and growth at Hull business

By Hull Daily Mail | Posted: 30 Nov 2018

A Hull business is creating 10 new jobs and is set to compete for bigger contracts thanks to backing from a Northern Powerhouse fund.

GW Power-Safe, based in the Brighton Street Industrial Estate, provides mechanical and electrical installation services, and since being founded in 2014 has almost doubled its turnover every year.

The company has now secured a £100,000 loan from a branch of the Northern Powerhouse Investment Fund, and is on track on continue its impressive expansion.

Dan Haley, CEO at GW Power-Safe, said: “I am delighted we have secured £100,000 funding from the Northern Powerhouse Investment Fund.

“We are very ambitious here at GW Power and have a long-term plan to support our growth whilst maintaining a healthy profit.

Daniel Haley, of GW Power-Safe. (Hull Live)

“The cash injection will have a positive impact by giving us the confidence to scale the business and start competing for the larger projects by employing high quality engineers and purchasing key equipment.”

GW Power-Safe provides services to both main contractors and business customers.

It can cater for all aspects of a building’s electrical, plumbing and HVAC (heating, ventilation, and air conditioning) needs and at all stages of a project, from inital concept and design to installation and commissioning.

GW Power-Safe is forecast to increase sales by up to 25 per cent in the 12 months to June 2019.

The new funding will provide additional capital and allow the business to diversify its services and work on larger projects.

Daniel Haley, of GW Power-Safe. (Hull Live)

Paul Arthur, investment manager at Mercia – which manages the fund - said: “GW Power-Safe offers clients a professional and flexible approach and the company has seen sustained growth since Dan established the business in 2014.

“This investment will enable it to tender for higher value contracts and create new jobs in Hull.”

The funding will allow GW Power-Safe to take on larger contracts and create 10 new jobs in the coming year.

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The company was established in 2014 by Dan Haley, then aged 25, after he was made redundant from his job as electrical contracts manager.

He rented the office he had previously worked from and started out with a team of three.

The business, which has almost doubled its turnover each year and now employs 16 people, was named Hull Daily Mail Small Business of the Year in 2017.

Grant Peggie, director at British Business Bank said: “Dan has done incredibly well to start and grow the company to a team of 16 in only four years.

“GW Power-Safe has gained an excellent reputation in the Humber region, and with NPIF’s backing, it is now well placed to take on more staff and work on larger projects.

“We look forward to seeing GW Power-Safe’s continued growth."

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