A BURY firm has received a multi-million pound finance package from banking giants Barclays.

Cheetham Hill Construction (CHC), which is based in Woodhill Road, has received a £7.1 asset finance facility to support its expansion plans.

The civil engineering, building and equipment hire contractor, intends to use the money to support the purchase of 20 new Volvo A30’s, eight new Volvo A40 dump trucks, four mini diggers and a new low loader with Hiab.

Howard Chamberlain, managing director of Cheetham Hill Construction said: “This new funding deal has enabled us to invest in new and more environmentally friendly operated plant and machinery to support our client’s needs and our sustainable procurement strategy."

Shamir Patel, Barclays relationship director put together the funding package for the deal and said: “CHC is a great example of a thriving business that is expanding for the future and contributing to the local economy.

“The future economic success of our country will be driven by people and businesses in places like Bury so I am delighted we are able to support our client in this way.”

Barclays launched its Building Thriving Local Economies initiative in Bury last September.

The town was chosen as the first pilot area for the scheme, which seeks to ensure every part of the country can fulfil its potential and better understand how businesses can play a role in helping local economies to thrive.