04 August 2015

Coast to Capital is delighted to announce its latest loan investment from its Growing Places Fund of £2.5m to Crawley-based GE-AET Ltd.

GE-AET Ltd, based in Crawley GE-AET has long established roots in the local area, in fact since 1990, offer major industrial corporations the opportunity to install energy-saving technology systems that have been proven to save up to 85% of the cost of heating and ventilating high volume industrial and commercial buildings.

 

The company is establishing the manufacture of its latest energy-saving technology products and systems in West Sussex. It will provide new and innovative energy-saving technology systems to customers paid for entirely from the energy savings achieved.

 

David Jones the GE-AET company's Chief Technical Officer says; The solution to provide risk-free energy savings was made possible thanks to Coast to Capital and their Growing Places Fund. The team at Coast to Capital have been extremely helpful in assisting GE-AET Ltd to finance the setting up of our new manufacturing plant from where we will market, manufacture and install new high efficiency energy saving systems for many of the UKs leading companies.

 

GE-AET Ltd is looking to create over 100 new wide ranging new jobs in the next 18 months across the areas of IT, Sales/Marketing, Engineers, and manufacturing as well as office related posts.

 

Ron Crank Chief Executive of Coast to Capital LEP said I am glad to see that the Growing Places Fund is able to support such an innovative and exciting company. I look forward to seeing GE-AET achieve the expected growth in the coming years as a result of our investment.

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