Safeway Contractors, which provides recruitment and infrastructure support to the railway industry, is expanding following a £200,000 investment.
The firm was set up four years ago by directors Paul Walpole and Danny Stacey to supply labour to niche areas of the sector, such as mechanical fitters, plant operators, track gangs and critical safety staff.
The injection is from NPIF-FW Capital Debt Finance, part of the Northern Powerhouse Investment Fund (NPIF).
The company, which is predicted to see turnover of around £5m this year, has grown quickly and recently strategically brought in two new directors with the expertise to expand its services to include delivery of maintenance and civil engineering contracts, creating a true ‘infrastructure support’ business.
Speaking on the investment, director Walpole said: “During the last five years there has been huge investment in rail infrastructure with the industry seeing its biggest overhaul since Victorian times.
“This is set to continue with more investment from the Government to improve railways and with stand-alone projects such as HS2.
“As we already work with the majority of the principal contractors involved in these projects, the next five years will hold fantastic opportunities for us.
“We needed funding to strengthen our team to cope with what will be a rapid period of growth for Safeway Contractors.”