Business Expansion at Wayne Clement Electrical.

When an established and successful business plans for growth, the Development Corporation is on hand to assist. wayne.jpg

Wayne Clement Electrical has been trading and growing steadily since 2011, offering a comprehensive electrics contracting service. Now, Mr Clement is making the move to retail, setting up shop on Hebe Street. With space for more stock and spares, this gives all customers a bigger choice of parts, better prices on components plus higher quality and availability of service; that’s good for private customers, and other electrical contractors, as well as giving a further boost to his existing contract business.

Mr Clement has a significant order of component on the way to Stanley now, with backing from FIDC. The Corporation’s Louise Ellis points to the delicate balance of investing in stock in a ‘big’ order, but not tying up too much critical capital. Wayne agrees; “this is the right time and scale for expansion, with lots of development on the horizon”.

About the FIDC

FIDC acts as the national economic development agency for the Falkland Islands and is tasked to develop the commercial sector of the Falkland Islands by being one of the principal partners delivering the Economic, Rural and Tourism Development Strategies.

To help drive sustainable economic growth and assist in the creation of new jobs and opportunities, FIDC provides various forms of support and assistance to the Falkland’s business community.