Local MP Stephen Gilbert will officially open Enigin PLC’s new research and development (R&D) facility next month.
Gilbert, who is the Parliamentary Private Secretary (PPS) to energy minister Ed Davey, will officially open the new facility during a tour of the company’s head office on November 9.
The St Austell-based energy monitoring and efficiency specialist is currently spending more than five times the national average on R&D, at around 10% of turnover compared to the average of just 1.7%.
Enigin MD Troy Wrigley said: “It is an exciting time for our business, and the industry as a whole.
“Energy monitoring and management is an increasingly competitive area and we have had huge success to date in capturing a significant share of the market. We are now stepping up our efforts in order to capitilse on the opportunity, paving the way for our continued growth over the next five years.”
Gilbert added: “This is good news for St Austell, creating much needed new jobs and bringing much needed new investment and it’s good news for Cornwall, putting us firmly at the forefront of developments of the green economy.”