Northampton engineering firm secures £250,000 growth package

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Bowers Electrical Engineering Services (BEES) has secured funding via the MEIF Debt Finance for the East & South East Midlands and the CBIL scheme managed by Maven.

Published: Oct 07, 2021
Focus: MEIF Maven Debt Finance

BEES provide electrical engineering services via their four key services offerings: validation of decontamination equipment, design and building of specific machinery, control and automation of electrical panels, and a customer part distribution service.

The business currently provides their services to a range of clients within the Medical, Life Sciences and Engineering sectors including the NHS, CIS and Miele Professional. BEES will be utilising this loan on new material and labour costs for two new contracts that the business have recently obtained.

The business is overseen by Managing Director Chris Bowers, who has over two decades of engineering and service management experience, previously working in a senior role with ESTS Ltd whilst overseeing BEES as a sole trader, before incorporating BEES in 2013. Chris has professionally shaped and led his team to build their service range into today’s diversified offerings, and demand for these specialisms continue to grow as businesses increase automated machinery and systems investment.

The SEMLEP area is no stranger to supporting businesses within the mechanical or electrical engineering communities and BEES is a great example of a local SME receiving MEIF Debt Funding for this growing and innovative sector.

 “Really great to be able to assist Chris with this important growth capital loan to allow them to seize some great business development opportunities proactively sourced during lockdown. Many thanks also to Barclays who made the introduction upon Chris’s request, which is why MEIF is here to bridge that gap for businesses seeking out funding opportunities."
Graham Hall, Investment Manager of Maven

“Following this MEIF funding, we are now in a very strong working capital position, allowing us to spring forward and deliver the next level of our growth trajectory and tender for all sizes of Machine Control and Automation projects. Many thanks MEIF, Maven and Graham for your initial and ongoing support."
Chris Bowers, Managing Director of Bowers Electrical Engineering Services

If your business is in need of finance to help unlock its growth potential, MEIF Maven Debt Finance may be able to help. Contact Maven’s local team today to find out more.

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