Local company commits to future in Hinckley

L-R: Harry Goodman, Development Manager, IM Properties, Tracy Woods, MD, Geosynthetics & Chris Foxton, Founder, Geosynthetics

Local company, Geosynthetics, which supplies product solutions to the civil engineering sector, is relocating to a new 60,000 sq ft *Net Zero Ready unit on IM Properties’ Hinckley Park scheme.

The move retains 50 jobs in the region, consolidating three sites into a single, sustainable unit to future proof Geosynthetics’ operations.

Established 25 years ago by Hinckley man, Chris Foxton, and now led by Nuneaton born managing director, Tracy Woods, Geosynthetics has grown from a home business to an annual turnover of £12 million.

“We’ve been looking for a while and we’re relieved to be staying in Hinckley,” says Woods, who herself started as a trainee salesperson at the company, age 16.

“The local people are our business and when we got into discussions with IM Properties about its Hinckley Park site, there seemed so many synergies, we just knew we had to make it happen.”

Located next to junction 1, M69, Hinckley Park has already created jobs for 1500 people, as home to one of Europe’s largest and most technically advanced parcel depots, owned by DPD and a 532,000 sq ft unit let to Amazon.

Woods continued: “Sustainability is central to our business and all our lives, so securing an industry leading BREEAM Excellent, EPC A rated building reflects our values and commitment to the future generations we’re looking to employ.

“We’re a very family orientated business which offers flexible working hours, has 60 per cent women in its senior management team and constantly strives to look after the wellbeing and career aspirations of those we employ.

“We’ve got trainees of 20 years ago, now acting as mentors to the new apprentices coming through. If people want to progress, we always find a pathway. Seeing people grow is our biggest pleasure.”

Geosynthetics unit will sit alongside a new Net Zero Ready, 340,000 sq ft spec unit and a 47,000 sq ft unit on phase three of the 18-acre scheme.

Harry Goodman, development manager at IM Properties said: “We welcome the opportunity to work with a real local success story and provider of first-class employment in the area.

“Like us, Geosynthetics have developed strong links with the local schools and colleges, recognising the importance of investing in young people by providing them with skills and training.

“It’s fantastic to work in partnership to facilitate this growth opportunity for Geosynthetics. It would have been a big blow to the area if they had had to look further afield for a new HQ”

The new units include an industry leading specification in line with the UK Green Building Council (UKGBC) recommendations and reflect the ambitions of IM Properties’ new Sustainable Future’s framework.

Phase three of Hinckley Park is being delivered as *Net Zero in Construction and **Net Zero Ready which means the building will be optimised to allow occupiers to be ***Net Zero in Operations.

The main contractor, Winvic Construction Ltd, also continues to work alongside IM Properties to play an active role in the community, committing through an Employment and Skills Charter to provide training and employment opportunities for local businesses and individuals at all stages of construction on site.

IM Properties is represented by local agents Wells McFarlane and CBRE and Avison Young.