Yorkshire-based Purex International Ltd — a manufacturer of fume extraction systems — is set for rapid expansion after opening a new business unit at the Humber Enterprise Park (part of the old BAE Systems facility) with help from Barclays.

The funding package includes an asset finance facility to support the purchase of new machinery needed for the business to manufacture its extraction cabinets in the UK.

Purex (www.purex.co.uk) finance director Trefor Jones said: “We have been growing organically and have worked alongside Barclays for many years.

"This new funding deal will enable us to transfer the manufacture of our fume extraction cabinets entirely to the UK, meaning faster end-to-end service for our customers and giving us better control over quality and supply. Barclays has been a strategic partner to our business and continues to support our exciting growth plans.”

Purex was formed in 2004 and quickly established a good reputation in the fume extraction field, serving customers in the laser printing and engraving, electronics, pharmaceutical and dental sectors.

The company employs over 50 people, and its turnover for the year is expected to exceed £12 million.

Chris Rushworth, Barclays relationship director, said: “Purex International is a great example of a thriving business that is expanding for the future and contributing to the local economy.

"The new funding has enabled the company to invest in the plant and machinery it needs to support its growth ambitions.

"The future economic success of our country will be driven by people and businesses in places like Brough, so I am delighted we are able to support our client in this way.”