Technical director Dave Roach said Penso had already doubled its workforce and turnover in the last 12 months.

BBC: Penso engineering firm plans 'to create 100 jobs'

Penso said the investment from HSBC would allow it to purchase its Woodhams Road site and install new equipment.

BBC: Penso engineering firm plans 'to create 100 jobs'

Penso finance director Richard Owen, said purchasing the factory at Woodhams Road would allow it to modify the plant in a way it was not able to do as a tenant.

BBC: Penso engineering firm plans 'to create 100 jobs'