A KEIGHLEY firm has secured its future in the town after buying its current premises.

SEBA Developments has bought its base on the Keighley Industrial Park, Royd Ings Avenue after securing a six-figure loan from Lloyds Bank Commercial Baking.

It has also received cash from the Regional Growth Fund. The firm has previously rented the site.

SEBA manufactures a range of specialist electrical process heating equipment for clients including Rolls Royce and Airbus Industries.

The company is a division of Servicepower Ltd, which itself produces fibre optic cables for customers including Vodafone, Virgin Media and BT.

Martin Johnson, managing director of sEBA, said: “The purchase of our premises will be a real boost for us, saving us the cost of renting the building that we were already settled in and enabling us to focus on our growth plans.

“We have a portfolio of high-specification products and export markets offer potential for us to expand.

“We currently sell around 35 per cent of our goods to overseas clients, and we are looking to increase that substantially in the coming year.”

The funding for the move was provided under the government-backed Funding for Lending Scheme (FLS), which Lloyds Bank Commercial Banking offers customers a one per cent discount for the life of the loan.