Wilton Engineering

“We greatly value the long-standing partnership we have with the team at FW Capital. This funding will allow us to continue to work on our growing pipeline of projects.”

Bill Scott, Managing Director, Wilton Engineering Services

Wilton Engineering Services Ltd specialises in building large, often complex, structures and is successfully diversifying from oil and gas into the renewables market.

The company has benefited from £3.4 million in bond finance through the Tees Valley Catalyst Fund since 2014, helping them win contracts valued at over £55 million.

In 2014 a £33 million contract was awarded to Wilton by Conoco Phillips. They subsequently won an £17 million contract in 2017 to deliver 21 transition pieces for Ørsted, which will be installed as part of the Hornsea One Offshore Wind Farm.

A further loan of £250,000 from the TVCF in early 2020 has allowed the company to take on additional employees to support the completion of a £2.5m contract. 

Wilton has also received a total of £1.5 million from NPIF - FW Capital Debt Finance, which is part of the Northern Powerhouse Investment Fund. In 2020,  £750,000 provided the business with working capital during the Covid-19 pandemic allowing them to safeguard 117 jobs. 

In 2021 a further £750,000 was invested to support the acquisition of the neighbouring OSB site, almost doubling the size of their site from 23 acres to 45.

The Tees Valley Catalyst Fund closed to new applications on 31st March 2023. The first NPIF investment phase has now completed with the British Business Bank launching the Northern Powerhouse Investment Fund II in March 2024.