Electronics manufacturer AES, based in Stratford-upon-Avon, says that it is targeting continued growth after securing a finance package from the Coventry and Warwickshire Reinvestment Trust (CWRT).

The company, which now employs 24 people, is expanding its premises by a £165,000 investment in new facilities. This will help to automate much of its manufacturing process so that it can service a growing client base.

Nigel Maris, owner and managing director of AES (pictured), said the business has survived some tough times but is now in a position where it can “push on” and capitalise on growing demand: “The CWRT really believed in me and my commitment to make my business succeed. I am grateful for their service, funding and advice.”

Mike Musson, chief executive of the CWRT, said: “It’s extremely rewarding to see businesses that we have supported prospering. We have invested £4.8 million since 2005 in more than 350 businesses, leading to the creation of 500-plus jobs.”

The CWRT uses European and UK loan funds to provide growth capital for start-up businesses. The loans can be used for a variety of purposes, including equipment purchase, relocation costs and workforce expansion.