Business programme grants help power Aeristech to next level
"This move marks the transformation of the company from high tech developer to serious commercial player."
An expanding Warwickshire company, whose cutting-edge technology reduces harmful carbon dioxide emissions, has moved into brand new facilities in Leamington Spa following rising demand for its products.
Aeristech’s 11,000 sq ft new premises in Hermes Close in Leamington were officially opened by the Royal Leamington Spa Mayor Councillor Bill Gifford and Warwickshire County Council leader Councillor Izzi Seccombe OBE during a ribbon-cutting ceremony which attracted around 100 guests.
Both councillors highlighted the contribution that the state-of-the-art facility would make to job creation in the region.
Aeristech, which designs and manufactures clean energy applications, specialises in the development of electric air compressors for the international automotive industry and is poised to enter new markets.
As part of the expansion, Aeristech was able to secure a total of £50,000 in grants with help from the Coventry & Warwickshire Business Support Programme which is part-funded by the European Regional Development Fund (ERDF) via Coventry City Council and the Coventry and Warwickshire Local Enterprise Partnership (CWLEP) Growth Hub. This grant contributed towards building Aeristech’s new engineering and development floor.
Speaking at the ceremony, Richard Wall, CEO at Aeristech, said: “This move marks the transformation of the company from high tech developer to serious commercial player.
“The new premises comprises two sections: design and development. The facilities will allow us to explore new applications for Aeristech’s unique technology while the production facility will enable us to deliver 30,000 centrifugal compressors a year with a potential of upping that to 200,000 units.”
Original investor Mike Woodroffe, who was invited to unveil Aeristech’s remodelled logo, hailed the transition from high-tech developer to a serious commercial player.
Mike said: “I cannot understate the thrill of being associated with the rebranding. It is a privilege to be associated with a new technology that is contributing to a greener world.
“Until now we have concentrated on researching, developing and creating a market for our product. The market is now beginning to mature so it is an ideal time to be making the switch to Leamington.”
Mike also highlighted the role that the CWLEP Growth Hub could play in securing potential further support for their growth plans.
Martin Nwangwa, Account Manager at CWLEP Growth Hub, said: “The pioneering work being done by Aeristech is driving the next generation of low-emission technology and the expansion of the company is tremendous news for the region.
“Aeristech is a model example of how the CWLEP can assist growing businesses in Coventry and Warwickshire across a whole range of sectors.”