Veka secures finance for growth plans

VEKA, the Burnley-based window profile manufacturer has secured a multimillion pound financing deal which will fund its future growth plans.

The company negotiated the deal, which includes invoice finance, term loans and overdraft facilities, with Natwest and RBSIF.

VEKA employs 370, has an annual turnover of £70m, and is a Red Rose Awards winner

Dave Jones, managing director, said: "Staying true to our mission to invest in our people, products and services, to deliver the best customer experience in the industry, we are committed to investing in our business and identifying opportunities, both internal and external which will strengthen our commercial offering.

“Working with NatWest and RBSIF, we now have the finance partner we need to locate and secure these opportunities and drive forward growth."

Colin Andreassen, business development manager at RBSIF, said: “VEKA has a strong base for growth, creating unique opportunities in the industry and potential for significant job creation.”