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Olsen Actuators & Drives Secures £700K for Aerospace Expansion
NewNovember 13, 202403:51

Olsen Actuators & Drives Secures £700K for Aerospace Expansion

Discover how a Cheshire-based aerospace innovator is set to soar with new funding and contracts.

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In this episode, we spotlight Olsen Actuators & Drives, a North West company that has recently secured £700,000 in funding from the Northern Powerhouse Investment Fund II. Established in 2004 by Piers Olsen, the company has built a strong reputation in high-performance electro-mechanical systems, including customised patented electric actuators. With this investment, Olsen is expanding its engineering team and R&D projects, positioning itself in the rapidly growing eVTOL and heavy lift drone markets. We discuss the role of FW Capital and the British Business Bank in supporting this growth, as well as the impact of the Northern Powerhouse Investment Fund in fostering innovation and local opportunities in the aerospace sector.