Work has started on expanding Osbit’s headquarters to accommodate the company’s expanding workforce and facilitate an increase in demand for its engineering expertise in the global offshore renewables and oil & gas markets.
The company is constructing a new single-storey extension within the site of its head office in Northumberland, UK to deliver an additional 300 square meters of working space.
The new office will house multiple project teams within Osbit’s engineering workforce, providing space for up to 50 additional staff.
The building project, which is due for completion in Spring 2020, is being undertaken with support of a grant of £151,000 from the North East Rural Growth Network’s Rural Business Growth Fund (RBGF), a programme designed to accelerate business growth and stimulate employment in rural communities. Twelve new jobs will be created at Osbit as part of this development, with two new staff having already been hired.
Dr Tony Trapp MBE, executive chairman at Osbit, said: “The continued growth of our business in the oil & gas and offshore renewables markets, combined with our desire to attract and retain talented engineers, has created the need to expand our premises.
“The new space will create much needed additional capacity to support our expansion plans and project-centric working approach.
“Osbit is a unique place to work and our existing office is an important part of our company’s culture. I am delighted we are able to expand our premises and remain in this outstanding setting, with support from the North East Rural Growth Network.
“We are very proud to be headquartered, operated and owned here and to continue the North East of England’s legacy as a globally recognized hub for engineering excellence.”
Rural Growth Network manager Katy McIntosh, who worked with the management team at Osbit to identify the rural grant funding opportunity and complete the successful grant application, said: “Investment in this project means that Osbit has the opportunity to remain at its current location by delivering the good quality accommodation that its market-driven expansion demands.
“The new space will give the team flexibility to accelerate growth, stimulating further job creation with 12 new jobs for local people.”