Family run business Orsam trailers, has achieved huge employment growth since a successful bid to the Derby Enterprise Growth Fund (DEGF). Targets to achieve seven new posts by December 2018 look set to be smashed with plans to employ up to 18 people by the end of the year.
The trailer rental company opened in 2014 with 6.5 staff. Orsam found their niche by excelling in compliance and quality in a market dominated mainly by large businesses. When an opportunity opened for expansion and diversification into trailer maintenance, the company realised they would need to recruit more fitters and admin staff to fulfil potential commitments.
Managing Director, Rebekah Orchard tells us:
“We were delighted to be successful in our application to the DEGF. The funding came at the right time to enable us to bid for a large contract. We have used the DEGF funding to invest in capital equipment, software and training. We believe the future holds further expansion and an even greater increase in the number of jobs we will create.”
Derby City Council Cabinet Member for Regeneration and Public Protection, Councillor Matthew Holmes commented:
“The DEGF funding scheme managed by Derby City Council is actually one of the most successful of its type in the country. We’re really pleased to see how the funding has enabled this family run company to grow and create jobs locally. Expansion opportunities often require funding in the form of a grant or loan to enable businesses to move to the next stage and so we’re delighted to be able to help make this happen.”
DEGF is now entering a new phase with the distribution of £12 million of recycled loan funding. Applications are invited from businesses with plans for growth and job creation in
Derby and Derbyshire. Further funding is being sought to enable this fantastic scheme to be extended to more businesses in Derbyshire in the near future.