UK: JDR Receives GBP 15 Million to Boost Export

Teesside based subsea cable specialist has been awarded a GBP 15 million fund for an export drive, reports Gazette Live.

The company said that the multi-million fund from HSBC, which is backed by Export Credit Guarantee Department, will help them bid for oil, gas and renewables contracts on the international market.

Martin Boden, JDR’s Chief Financial Officer, said: “JDR has grown hugely. We now employ 246 at Hartlepool and hope to carry on increasing our headcount. We have recently won a very large contract for the German market, and America is also waking up. It’s a very strong position to be in – the future is bright for Hartlepool.

“We are delighted to have secured the additional facilities provided by HSBC, with the support of the ECGD, and these facilities will enable JDR to continue to bid for, and win, large export contracts.”

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Offshore WIND staff, August 03, 2012