13 July 2023
Sector: Design and manufacture of lifting & handling solutions
Location: Clowne, Bolsover
Penny Hydraulics is a family-owned business that designs and manufactures vehicle-mounted lifting equipment, goods lifts, winch systems, nuclear equipment and tyre presses. Its end-to-end services also include installation and aftercare.
Its 100-strong team work on projects as far afield as Australia, the Middle East and South America.
As a regular supplier of chandelier and baggage lifting systems to the Royal Households, it proudly carries the Royal Warrant of Appointment.
“Since 2014, we’ve secured no less than £265,000 in grant funding. The support that the East Midlands Combined County Authority Growth Hub partners have offered is immeasurable. Not only in pointing us to the right funding at the right time, but in their training and guidance on practical matters such as setting up letters of credit, and completion of post-Brexit import and export documentation.”
- Ashley Holmes, Finance Director, Penny Hydraulics
This case study was part-funded by the European Regional Development Fund.
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