Pictured: (l-r) Roger Poeth from New Wave Innovation with Elliot Harris, partner and head of office at Chantrey Vellacott DFK in Leicester

An innovative Leicestershire firm is anticipating attracting a new wave of business following an expansion at the company. 

New Wave Innovation was launched by co-directors Roger Poeth and James Jarrett in March 2010 and has just moved into new offices in Sileby following a strong 18 months. 

The company specialises in developing new technologies and helping other firms secure grant funding for projects and has expanded with the backing of the Leicester office of chartered accountants and business advisers Chantrey Vellacott DFK. 

Roger said the relocation from Enderby to the Oak Business Centre means New Wave Innovation can now carry out industrial and consultancy work on one site. 

"There are two sides to New Wave Innovation, on the one hand we develop new technologies and then we also partner with other companies to source funding to develop their own innovative products and services," he said. 

"Both sides complement each other really well, and when appropriate we also work with companies on the development of products."

Among the companies to partner with New Wave Innovation is leading manufacturer George Utz which won substantial European grant funding for the research and development (R&D) of a new unit load device for the global air cargo supply chain. 

Coalville-based Bluesky International Ltd has also been working with the firm to secure over €2 million of grant funding to develop a web based renewable energy rating platform. 

The project will investigate the use of geographic data to assess the suitability of individual properties for solar energy generation and create a web based portal to deliver this data online.

Roger said the company is delighted to be working with high-profile organisations based in the East Midlands and is well positioned to grow further from its new base.

He added: "We'd been looking for a new facility to support the expansion for a while and the offices in Sileby are perfect for us. It means we've now got the technical space to work on the development of products, meeting facilities and are also close to all the major transport networks in the region.

"The business has really taken off over the last year to the point where we are fully booked up for work for the next few months and by the end of the year we hope to add to our team to support this demand."

Elliot Harris, partner and head of office at Chantrey Vellacott DFK in Leicester, said New Wave Innovation is at the forefront of cutting-edge technology. 

"New Wave Innovation has come a long way in a short space of time and we're delighted to be supporting them with general tax planning and applying for Research and Development (R&D) tax credits for projects they are leading and also partnering on," he said.

"The company is working on some really exciting projects and is well positioned to build on the success of the last 18 months and we look forward to supporting Roger and James with this growth."