Street Crane Company, the UK’s largest manufacturer of factory cranes and hoists, were honoured with a visit from the Chancellor of the Exchequer, the Right Honourable George Osborne, in March. Visiting Street’s new hoist factory, opened last September at a cost of £3 million, he praised the company for their record on research and development, investment in new products and advanced production processes, export and employment growth.
Managing director Andrew Pimblett noted, “Street is a family business that focuses on long term business development so profits are ploughed back into the business. This has enabled us to develop a wider product offering for UK customers, but, more significantly, invest in products for the international crane market so that our hoists and crane kits are now available in every developed industrial market via a high quality global network of distributors.” Export accounts for over 70 per cent of Street’s £30 million turnover.
Speaking to a group of his local party supporters at the start of the UK general election campaign, George Osborne said, “I was delighted to visit Street Crane along with Andrew Bingham and meet the team. This is a fantastic company at the heart of the Peak District and a success story for exporting British products. The method behind its success is investment in product development and a 'can do' attitude. Street Crane has gone from strength to strength in tandem with our economy over the last few years, something we should all be proud of.”