Market Rasen’s booming Tradelight company has received planning approval to build a 10,000sqft factory extension and seven houses.
Work has already started on clearing up the site in Oxford Street, which used to contain the old town brewery.
Tradelight’s Roy Goodyear said new boundary fencing is being erected and work is expected to start on the new steelframe factory extension during the second week of September.
The extension aims to be among the top one per cent of energy efficient buildings in the country. It will also use timber trusses from the old brewery in its construction.
Roy said he expects it will take 16 weeks to build the extension, with staff moving into it in January.
The houses will be built on an adjoining site, with access on to Serpentine Street, which was formerly a Travis Perkins builders yard.
“It will be a select development of seven three-storey properties. All the houses have been designed to be environmentally-friendly,” he said.
Property agents Perkins George Mawer has been appointed agents to sell the land on which the homes will be built.
But Roy was unable to give a timeframe on when the homes would be constructed, though if the land cannot be sold, the company has said a sister company, CEMA Construction, could build the homes.
Tradelight, which makes and distributes energy efficient industry and commercial lighting, moved to Market Rasen from Willingham Woods in 2012.
For the past three years, company revenues have doubled every year, and are expected to do so this year and next year. Turnover was £4 million in 2013-14.
Some of the client base is blue chip, with customers including include Birds Eye, the Co-op, Dixons Stores and Yorkshire Water.
Roy says Tradelight will start advertising for a first tranche of four jobs in September, who will work in administration and assembly. The remaining eight jobs will be created when the factory extension is complete as the company won’t have the space for them until then.
“Business is continuing to be inline with our projections,” Roy added.