The lighting company Lightsense UK will receive a £1.2 million investment from Finance Birmingham to help find its expansion.
Lightsense UK produce LED and induction lighting systems and plan to double their staff.
Finance Birmingham are managing the £56 million investment on behalf of Birmingham City Council.
Lightsense Managing Director, Ian Thomas, said to Insider Media:
In the space of two years, we have gone from a start-up business to a major player in the commercial lighting industry, creating effective solutions for our clients in a financially pressured, environmentally conscious marketplace. Finance Birmingham’s investment ensures that we are able to further develop the range of our products to a growing number of large corporate customers, while looking to double our Bromsgrove workforce to deal with an increased demand.
Investment Manager of Finance Birmingham, Marcus Hook, added:
The LED lighting market has experienced considerable growth over the past few years, showing little sign of slowing down. Lightsense has impressively capitalised on recent advances in this sector – our funding will help the firm to fulfil customer demand and continue to grow an impressive customer list, both in this country and overseas.
Related Posts:
The ultimate one-stop guide to choosing LED lightingThe growth of LED light bulbs means that there is now a huge variety of products available for consumers. To help you...
Residents fear for part-time lightingA petition has been launched in Leicestershire asking County Hall not to continue with cuts to street lighting. This is apparently due...
Market Research on the LED MarketAccording to recent Market Research, conducted by Allied Market Research (AMR), the LED market will reach $42.7 billion by 2020. The study...
Edinburgh Lamp OverhaulEdinburgh council plans to replace stair lights in 14,000 tenement blocks with LED light bulbs as part of a £9 million overhaul...