Suffolk IT Services Provider Secures Growth Loan

Needham Market based business CPW Computing, which specialises in providing a full range of IT services is set for growth, having secured a loan from The East of England Regional Growth Loan Scheme.

Established in 2002, CPW Computing focuses on the small and medium enterprises (SMEs) market, assisting clients with all of their on-site and off-site IT. In recent years the company has entered the educational sector, working with local schools to provide technical support for teachers.  CPW continues to embrace developments within recommended IT use in schools by both assisting current clients with upgrades and transitions as well as acquiring new consumers. The growth loan will be used to finalise a management buyout and to support the marketing operations of the business.

Elliott Sheppard, Managing Director at CPW Computing, “The IT sector is constantly changing. New technology is created every day and the landscape is ever-evolving. Many businesses do not have the time or experience to keep up-to-date with these important changes. We offer an extensive list of IT solutions to SMEs and Schools and are extremely proud of the quality service that we provide. We have an ethical approach to our business and focus on technology for a greener future. It is our aim to reduce energy consumption and cut down the amount of waste going to landfill sites. We do this by looking for low-energy options when sourcing new products and recycling as much as we can.”

Stuart Ager, Senior Fund Manager at Finance East, “We are delighted to be able to provide funding to support CPW Computing with their growth plans. Elliott’s knowledge of the industry and emerging technology makes them well placed to offer advice and support to businesses of all sizes. They have a strong history of supporting SMEs across the East of England and with this established reputation we see a bright future for the company.”

The RGLS is managed by Finance East, part of The FSE Group, on behalf of Local Enterprise Partnerships in the East of England and British Business Bank. The RGLS is available to established, incorporated businesses based within the East of England that have a minimum annual turnover of £100k, show strong growth potential and have a medium to long-term funding requirement to deliver that growth.

For more information about the Regional Growth Loan Scheme contact Stuart Ager on 01473 722910 / 07825 699407 or email stuart.ager@thefsegroup.com