Ursa Insulation is investing more than £66m in South Humber Bank following its decision to open a
The company employs 3,800 people across 38 sites in Europe and has chosen the South Bank site as part of a drive to expand the
To support the £66m investment, Ursa will receive a grant of up to £1.9m from Yorkshire Forward through the Government funded Selective Finance Investment scheme to help finance the construction of the new site.
Yorkshire Forward head of marketing and business development Theresa Lindsay said: ‘It is great news that Yorkshire and Humber has attracted another high quality investor to the region.’
She added: ‘The company is committed to minimising its environmental impact through its production processes, which fits well with our regional drive to reduce carbon emissions.’
URSA Insulation managing director Daniel Llinas said: ‘The proposed manufacturing plant will bring economic benefits to the area, both during the construction and operational phases with the introduction of up to 130 new jobs. It will also ensure that URSA can continue to supply insulation materials, helping homes to conserve their energy and protect the environment.’