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Tel: 01276 608513
Email: tom.clarke@thefsegroup.com

Brighton Based EdTech Company Closes New Funding Round

A company determined on teaching children about emerging technologies through a fun and supportive club environment has successfully completed its latest funding round. The investment comes from Creative England, the Coast to Capital Growth Equity Fund, managed by the FSE Group and Emerge Education.

MakerClub came to life in 2014 and was founded by Simon Riley, named in the 2015 top 100 most influential EdTech leaders. The company offers weekly technology workshops and online learning to inspire and teach children how to use 3D printers and programme robotics. Starting them off with ice lolly sticks and taking them all the way through to professional 3D printed prototypes.

Simon Riley, Managing Director at MakerClub comments, “Here at MakerClub we feel that not enough emphasis is being put into teaching new and exciting technologies to young children. With the sudden rise of 3D printing this is a great opportunity to teach children about technology that could, in the not too distant future, be a regular part of everyday life. This investment will enable us to open more centres, encourage engagement and reach out to even more children.”

Mehjabeen Patrick, CFO, Creative England, “MakerClub is a great example of an innovative company with fantastic potential, they have a mission with social purpose and it has been inspiring to see how they have grown and developed their business. Simon and the team are passionate about what they do, and have the skills and expertise to take MakerClub to the next level.”

Avent Bezuidenhoudt, Senior Fund Manager at The FSE Group, “The MakerClub brand is clearly recognisable and scalable with admirable objectives. The technological expertise of the team paired with their educational knowledge gives the company huge potential. We are delighted to add the company to our portfolio and look forward to watching them grow and prosper.”

Jan Matern, CEO of Emerge education, said “MakerClub is able to deliver high-quality instruction in digital skills consistently and at scale, which speaks of the team’s engineering, customer service and operations prowess. We are proud to be working with them to build a much needed institution for delivering these types of skills to the next generation.”

About MakerClub:

MakerClub is an award-winning weekly invention and technology community for ages 8 to 13, we are based in Brighton but have centres all around the UK. Our sessions are project-based, hands-on and created by real technologists who believe that every child has the ability to become an inventor. For more information visit: www.makerclub.org

About Creative England:

Creative England invests in and supports creative ideas, talent and businesses in film, TV, games and digital media. We aim to grow the brightest, the best, and those with the most promise so that individuals and businesses can achieve their full creative and commercial potential. We help identify future opportunities to grow the economy and generate jobs. www.creativeengland.co.uk

About The FSE Group:

The Coast to Capital Growth Equity Fund is part of the Coast to Capital Funding Escalator, a £5million initiative funded by Coast to Capital Local Enterprise Partnership. The escalator, which also includes an expansion loan scheme, provides eligible companies with loans and equity funding between £50,000 and £500,000 for activities that will deliver high-growth and employment opportunities.

For more information about the Coast to Capital Growth Equity Fund please visit http://www.thefsegroup.com/coast-capital-funding-escalator or contact Avent Bezuidenhoudt at avent.bezuidenhoudt@thefsegroup.com tel: 01276 608526.

About Emerge Education:

Emerge Education is Europe’s leading edtech accelerator. It provides exceptional edtech entrepreneurs with access to the capital, networks and expertise they need to prove their impact and scale globally so that billions of people can lead more fulfilling lives. Emerge Education provides up to £100k in funding for edtech startups and is based in Hoxton, London.

For more information, please visit http://emerge.education/ or contact Jan Matern, CEO at jan@emerge.education

Regional Growth Loan Helps Essex Stonemason Firm Boost Capacity to Meet Growing Demand

With a family history of stonemasonry dating back to the 1600s, Wood for Stone owner and 6th generation master stonemason, Andrew Wood, is now bringing production at his Manningtree business into the 21st century with the help of an East of England Regional Growth Loan.

With a diverse range of natural stone products that includes fireplaces, staircases, kitchen worktops, and headstones to name a few, the company holds experience and expertise in all aspects of stone which sets it apart from the more limited competition. This wide service offering together with a good mix of corporate and private clients saw demand rise beyond the means of the business during 2016, as Andrew explains:

“Our team of four skilled craftsmen developed an exceptional reputation for producing work of the highest quality across a broad range of products and services. This brought a welcome increase in enquiries both from returning customers and new contacts as word of mouth referrals spread. However, last year we reached a point where we were having to turn work away – a situation that no business wants to be in – so we decided to invest in changes that would boost capacity to meet that demand plus allow room for further growth.”

Finance East provided Wood for Stone with a £160,000 loan from the Regional Growth Loan Scheme (RGLS) to purchase a state of the art cutting machine and assist with costs to move the business to a larger unit. The machine has sped up some of the operations that were traditionally done by hand whilst also freeing up skilled employees – including Andrew’s daughter, Laura, the 7th generation stonemason in the family – to produce more of the detailed stonework. This should enable production to double this year, which will be supported with the addition of two further stone cutters.

Stuart Ager, Senior Fund Manager at Finance East which manages the RGLS, says: “By taking steps to increase capacity, Andrew can now look to expand the current market base further, particularly focusing on the commercial sector where there is a significant opportunity to work even more closely with quality builders seeking high end finishes. Wood for Stone’s strong working relationships with suppliers together with its extensive skillset and sector knowledge means that it is well positioned to deliver against the varied needs of its growing list of clients.”

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 07825 699407 or email stuart.ager@thefsegroup.com.

Opportunities Light up for Luminos with Enterprise M3 Expansion Loan

Basingstoke electronics firm, Luminos Lighting, is looking to capitalise on market growth in the LED lighting sector, having successfully secured a £200,000 Enterprise M3 Expansion Loan.

The family run business was set up in 2010 by highly-skilled and creative electronics engineer, Kevin Coffey, to pursue the development of innovative LED lighting solutions and intelligent control systems. Over the last six years Kevin and his two sons, Duncan and Sebastian, have grown a thriving business operating across four seemingly diverse sectors, but which share considerable commonality in underlying technology: LED lighting, fire detection systems, low surface temperature radiator covers and nurse call systems.

Offering high quality products across these ranges, Luminos has already established itself as the market leader in the specialist radiator cover market under its Coverad brand and is now taking action to build on its already strong base in LED lighting. The global lighting market is set to expand at a rate which will see it reach the same scale as the global TV market by 2020 and LED technology will be at the heart of this expansion.

Kevin Coffey, Founder and Managing Director elaborates: “As the lowering cost renders it a broadly affordable technology and societal and legislative pressures to meet environmental targets increase, LED is set to fill an increasing proportion of lighting needs within both the domestic and non-domestic sector. At Luminos we are the only company in the UK with in-house design and engineering capabilities alongside full in-house assembly facilities – our competitors tend to rely on ready-assembled units from the Far East. This means that we can be responsive to the needs of our clients, making modifications as required, thus offering a leading edge and fit-for-purpose end product.”

With a historically high conversion rate and a strong and growing pipeline, Luminos aims to boost its local team over the next 18 months in order to meet demand and drive further growth. The Enterprise M3 Expansion Loan will be used to help cover additional staffing costs as well as investment in plant and increased sales and marketing activities.

James Edwards, Senior Fund Manager at The FSE Group, which manages the Expansion Loan Scheme on behalf of Enterprise M3 Local Enterprise Partnership (LEP), remarks: “This tight knit, highly experienced team has built a strong business offering a wide but related product range that is continually pushing the boundaries of innovation within its sectors. Working with Kevin to ensure new opportunities are fully exploited, we look forward to helping the company grow in line with its goals.”

The Enterprise M3 Expansion Loan Scheme is part of the Enterprise M3 Funding Escalator, a £5.5million initiative funded by Enterprise M3 LEP. The escalator, which also includes an equity growth fund, provides eligible companies with loans and equity funding between £50,000 and £200,000 for activities that will deliver high-growth and employment opportunities.

Geoff French, CBE, Chair of Enterprise M3 LEP says: “Our LEP area is renowned for leadership in Science and Technology, and Luminos represents a class of growing SMEs that will help us build on our remarkable achievement in that sector. We recognise the importance of small and medium sized businesses in our area and will continue to engage with them to ensure that they get the support needed to maximise productivity and grow.”

For more information about the Enterprise M3 Expansion Loan Scheme please visit http://www.thefsegroup.com/enterprise-m3-expansion-loan-scheme or contact James Edwards at james.edwards@thefsegroup.com tel: 01276 608531.

Smartphone Repair Business Expands Fleet with Regional Growth Loan

An Essex based business has taken the next steps on its growth journey with the help of an East of England Regional Growth Loan.

Reviveaphone, with its head office in Boreham near Chelmsford, was set up in 2012 by Oliver Murphy, then 18 years old, to sell his repair product for water damaged mobile phones. Now 23, Oliver is focusing on a customer driven solution for smartphone repair services.

As Oliver explains: “I started fixing phones in my bedroom when I was 15 years old so feel I have always been in this business. The water damage product is a great quick fix for some scenarios but its effectiveness is limited. With damaged screens accounting for around 75% of all phone repairs, it made sense to tap into this part of the market, but I wanted to find a way to do this that would really meet the needs of the customer and give my business a very clear USP.”

Reviveaphone operates a mobile service, bringing its fully kitted out repair workshop vans to the customer’s home or workplace, fixing the device on site. As we see an increasing reliance on uninterrupted connectivity within society, individuals are reluctant to be without their devices and are therefore drawn to a service that doesn’t require this. Although while you wait services do exist, most do not provide the convenience of the fix coming to you and those that do, often don’t have the equipment to deal with more complex repairs. Reviveaphone is also the only mobile repair provider to offer a wide geographical coverage, now operating across Essex, Cambridgeshire, Suffolk, Hertfordshire, Surrey, Brighton and Kent.

The £50,000 Regional Growth Loan has been used to fit out and stock 4 new vans, increasing the fleet to seven and enabling geographical expansion.

Francis Kenealy, Fund Manager at Finance East, which manages the Regional Growth Loan Scheme (RGLS), comments: “Oliver has done a fantastic job of getting the business off the ground and developing a service that is really sought after by a large section of the population. With this loan and the expansion of the fleet, the business is moving towards its goal of national coverage. Once achieved this will open further opportunities in the insurance market, which Reviveaphone is hoping to exploit.”

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 Francis Kenealy on 07825 699435 or email francis.kenealy@thefsegroup.com.

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

Funding the Business Growth Journey: 3rd Enterprise M3 Loan for Notetalker Product Roll-Out

A Woking based company that has been producing listening devices for the hard of hearing for more than a decade has received a further Enterprise M3 Expansion Loan to support new product roll-out.

Conversor’s Assistive Listening Devices (ALDs) have been helping individuals with hearing impairments since 2003 but over the last three years the company has increased its focus on products to assist individuals with dyslexia after seeing increased demand in this area.

An initial loan was secured from the Enterprise M3 Expansion Loan Scheme in 2014 to enable development of a notetaking app and software program that would complement Conversor’s existing offering. Following the successful development of Notetalker – an easy to use, feature rich app and PC program for recording lectures and meetings – a further loan was taken the following year to complete the development and undertake marketing activities. The current loan will be used to fund full rollout of the Notetalker solution and a new remote notetaking service, including new staff to facilitate the expansion.

Conversor owner, Jeremy Brassington, says: “We are experiencing significant demand for Notetalker in the face of changes to the government’s Disabled Students’ Allowance scheme, which now encourages the use of apps and lecture capture systems over digital voice recorders and in-class notetakers. This interest is boosted further by a drive towards assistive technology supporting the wider student body also. Our system provides a comprehensive and cost-effective solution for universities to address both of these issues.”

The growth of Notetalker has been rapid, with the software and services representing 35% of total company sales in 2016 following its 2015 launch. This year the figure is expected to reach 70%. To facilitate this heightened sales activity Conversor will use the £100,000 Enterprise M3 Expansion Loan to increase staff across sales support and management. The loan will also allow further product development to ensure it fully meets the needs of its client base.

Derek Ellis, Fund Manager at The FSE Group which manages the Enterprise M3 Expansion Loan Scheme on behalf of Enterprise M3 Local Enterprise Partnership (LEP), comments: “Jeremy and the Conversor team have diversified their offering to take advantage of a clear opportunity. They have invested heavily in their websites, software development and people and are now benefiting from some first class assets which they are exploiting to achieve the desired growth. We are pleased to be able to provide continued support on this exciting journey.”

The Enterprise M3 Expansion Loan Scheme is part of the Enterprise M3 Funding Escalator, a £5.5million initiative funded by Enterprise M3 LEP. The escalator, which also includes an equity growth fund, provides eligible companies with loans and equity funding between £50,000 and £200,000 for activities that will deliver high-growth and employment opportunities.

For more information about the Enterprise M3 Expansion Loan Scheme please visit http://www.thefsegroup.com/enterprise-m3-expansion-loan-scheme or contact Derek Ellis at derek.ellis@thefsegroup.com tel: 01276 607302.

Second Coast to Capital Equity Investment for Digital Receipt Provider

Following a period of compelling growth, a business helping retailers better understand and engage with customers has secured further funding from the Coast to Capital Growth Equity Fund as part of a £1.5million funding round from both new and existing shareholders.

Yocuda was set up in 2011, to provide a digital receipt service to retailers. Over the last six years this has been developed into a sophisticated offering; using leading technology Yocuda helps retailers not only capture customer data, but also fully analyse and understand that data to enable advanced customer engagement.

Now boasting a number of the UKs most prominent high street retailers as clients, the company is in a position of strength with monthly revenues having grown by more than 600% since the first investment from the Coast to Capital Growth Equity Fund less than two years ago. An impressive 483million e-receipts have been processed by Yocuda for more than 35 million unique customers across 20 separate countries.

Andrew Carroll, Yocuda Founder and CEO, says: “As the business moves forward we are pleased to continue this journey with the support of our investors and look forward to continuing to work with them to realise our next set of goals for the growth of the business.”

The £100,000 from the Coast to Capital Growth Equity Fund will be used, alongside other funds raised including investment from the FSE Investor Network, to create new jobs to meet increasing demand and grow the business further. This will include a number of developer jobs in Croydon.

Avent Bezuidenhoudt, Senior Fund Manager at The FSE Group, which manages the Coast to Capital Growth Equity Fund on behalf of Coast to Capital Local Enterprise Partnership (LEP) adds: “With a highly strategic view of the market and the opportunity for Yocuda, the executive management team is continuing to achieve revenue growth and market acceptance both in the UK and abroad, leaving the company well placed to create shareholder value. We are delighted to be supporting them again in this latest funding round.

The Coast to Capital Growth Equity Fund is part of the Coast to Capital Funding Escalator, a £5million initiative funded by Coast to Capital Local Enterprise Partnership. The escalator, which also includes an expansion loan scheme, provides eligible companies with loans and equity funding between £50,000 and £500,000 for activities that will deliver high-growth and employment opportunities across the Coast to Capital region.

For more information about the Coast to Capital Funding Escalator please visit http://www.thefsegroup.com/coast-capital-funding-escalator or contact Avent Bezuidenhoudt at avent.bezuidenhoudt@thefsegroup.com, tel: 01276 608526.

£200,000 Coast to Capital Loan to help Purepotions Skincare Grow

A Brighton based company producing a range of all-natural skincare products is the latest company to receive funding from the Coast to Capital Expansion Loan Scheme.

Purepotions Skincare was originally set up in 2007 by Natalie Balmond as she sought a cream to alleviate her daughter’s dry skin condition. Unsatisfied with what was available on the market, Natalie set about developing her own solution using natural ingredients. A decade on and the company has established a strong customer base that is continuing to grow with the product now available in high street pharmacies, health food shops and other retailers across the UK.

It is estimated that 1 in 5 children and 1 in 10 adults have from eczema with many further individuals suffering from psoriasis and other skin complaints. With increasing awareness around the potentially negative effects on the skin of synthetic and chemical ingredients, there are a growing number of people seeking natural skincare products to help them manage these conditions.

Founder and Brand Director, Natalie Balmond, says: “Many of our customers suffer from skin conditions which they have, without success, tried to manage with countless products – including some medically prescribed – before finally finding relief with our range. Whether seeking products to address a specific skin problem or simply for general skincare purposes, consumers are becoming more discerning about what they put onto their bodies and we pride ourselves on both the quality and effectiveness of our products, which are made entirely in the UK with herbs and natural oils that are ethically sourced.”

Alongside the manufacture of its original Skin Salvation ointment, Purepotions has focused its efforts on continuing product development to meet the needs of its growing customer base; this includes items such as lip salve, hand cream and deodorant as well as a range for babies. The company will keep this focus into 2017 with nine new products due to be launched in the spring and more planned for later in the year.

To fund the product development, together with additional marketing and other supporting activities, Purepotions has successfully secured a £200,000 Coast to Capital Expansion Loan.

Jon Cornell, Fund Manager at The FSE Group which manages the Coast to Capital Expansion Loan Scheme on behalf of Coast to Capital Local Enterprise Partnership (LEP), adds: “The Purepotions team has done a great job growing the company organically over the last decade and they now have an opportunity to build on that hard work and success with a nationwide rollout of the product in a couple of national retail chains. This will see their products go from being available in around 500 stores to over 3000 with these 2 retailers alone. We look forward to supporting them through this period of growth and helping them take advantage of the openings available to them.”

The Coast to Capital Expansion Loan Scheme is part of the Coast to Capital Funding Escalator, a £5million initiative funded by Coast to Capital Local Enterprise Partnership. The escalator, which also includes a growth equity fund, provides eligible companies with loans and equity funding between £50,000 and £500,000 for activities that will deliver high-growth and employment opportunities across the Coast to Capital region.

For more information about the Coast to Capital Funding Escalator please visit http://www.thefsegroup.com/coast-capital-funding-escalator or contact Jon Cornell at Jon.Cornell@thefsegroup.com tel: 07786 912674.

Enterprise M3 Growth Fund Investment for Pioneering Gas Management Technology

A company producing tools to monitor and manage gas pressure within gas distribution networks (GDNs) is the latest to receive funding from the Enterprise M3 (EM3) Growth Fund. Utonomy has been working with two of the UKs four GDN operating companies to develop a fit for purpose “Smart Grid” solution as there is currently no effective system available on the market.

The company has created its Active Grid Management solution, comprising relevant hardware (actuators and sensors), installed throughout the gas network, with a cloud-based software platform using self-learning algorithms to continually optimise the network remotely.

CEO Adam Kingdon, who established the company in 2015 after being approached with an opportunity to apply his experience in water pressure management to the gas distribution industry, outlines the problem:

“The demand for gas is influenced by time of day/week/year, weather conditions etc.; at its highest, demand can be up to 100 x greater than at its lowest. This means GDNs are managing an ever present conflict between a) ensuring gas pressure does not go below the minimum requirement at any given time and b) too much pressure resulting in system leaks, which is not only costly, but also has environmental implications – an area monitored by Ofgem. GDNs have found existing systems for managing pressure to be inadequate, resorting to labour intensive manual adjustments. A costly process, these adjustments take place only a handful of times throughout the year resulting in gas pressures being set to the incorrect level 99% of the time.”

Utonomy’s offering is unique on several levels: its actuator is able to operate in dangerous substance environments; its intelligent software will interpret the statistical relationship between weather temperatures, calendar fluctuations etc. and changes in pressure to generate accurate predictions for high and low pressure points; its hardware can monitor the ongoing condition of the network resulting in faster detection of mains breaks along with easier maintenance planning.

The £150,000 EM3 Growth Fund investment is part of a larger funding round that will see the company establish its international sales and marketing base in Basingstoke. The funding will help the business to further commercialise its offering and gain traction throughout Europe and in North America.

Ralph Singleton, Fund Manager at The FSE Group, which manages the EM3 Growth Fund on behalf of the Enterprise M3 Local Enterprise Partnership (LEP), comments: “Utonomy is responding to a clear market demand for a solution to real problems facing the gas distribution industry globally. The company’s strong technological background and extensive industry knowledge and contacts has allowed it to work directly with end clients to develop an innovative product that will fully meet their needs, offer a good ROI and help them deliver against environmental targets. We are pleased to be supporting them on this exciting journey to achieve their full potential.”

Geoff French, CBE, Chair of Enterprise M3 LEP adds:

“Enterprise M3 LEP area is home to a vibrant Sci-Tech corridor and this is due to a conscious collaborative effort creating the conditions for innovation to thrive. We are pleased that Utonomy now has the financial resource to expand, increase productivity, create more jobs and be part of our ecosystem of technological excellence.”

The Enterprise M3 Growth Fund is part of the Enterprise M3 Funding Escalator, a £5.5million initiative funded by Enterprise M3 Local Enterprise Partnership. The escalator, which also includes an expansion loan scheme, provides eligible companies with loans and equity funding between £50,000 and £200,000 for activities that will deliver high-growth and employment opportunities.

For more information about the Enterprise M3 Growth Fund please visit http://www.thefsegroup.com/fund/enterprise-m3-growth-fund/ or contact Ralph Singleton at ralph.singleton@thefsegroup.com tel: 01276 607307.

Music Video Creation Platform Completes Funding Round

The FSE Group are delighted to announce that Rotor Videos are the latest company to be supported by the Coast to Capital Growth Equity Fund. Rotor, a music technology platform focused on helping music artists create unique promotional videos have successfully closed their latest funding round, which also includes investment from Ascension Ventures and a number of Angel Investors.

Diarmuid Moloney, Rotor Videos CEO and Co-Founder, says: “We launched Rotor with the simple goal to give any artist, anywhere, the opportunity to easily create their own unique videos. With the rise of social media, video has become one of the most popular forms of communication. Social channels Snapchat and Instagram are the latest to embrace video content and artists now receive significantly increased engagement from fans if they showcase their work with videos. To date we have 50,000 using the platform and with this investment round we will be focusing strongly on our sales and marketing and start the development of the Rotor Mobile App.”

The video making process is seamless, with users logging onto the platform, uploading their song and choosing a video style template, they are then able to load their own clips or choose clips from Rotors extensive video library. It’s possible to create multiple versions of a video, including shortened videos with text and titles for promoting new releases, gigs or promotions. The software automatically edits and adds visual effects to video content by responding to features in an uploaded piece of music.

The platform is also aimed at the sales and promotional video market, with Rotor targeting music labels, promoters, venues and festivals. Users only pay for the video once they are happy with the results and ready to download, with pricing ranging from $10 to $35 depending on the videos resolution.

Avent Bezuidenhoudt, Senior Fund Manager at The FSE Group, comments: “Diarmuid and his team have a wealth of experience in the music industry and understand how important video production is to emerging artists. They have identified the key issues that hinder artists and have developed a platform that allows users to create and market their material in a cost-effective and time saving manner. We wish them all the success for the future and look forward to the next stage of Rotor’s development.”

The Coast to Capital Growth Equity Fund is part of the Coast to Capital Funding Escalator, a £5million initiative funded by Coast to Capital Local Enterprise Partnership. The escalator, which also includes an expansion loan scheme, provides eligible companies with loans and equity funding between £50,000 and £200,000 for activities that will deliver high-growth and employment opportunities across the Coast to Capital region.

For more information about the Coast to Capital Funding Escalator please visit http://www.thefsegroup.com/coast-capital-funding-escalator or contact Avent Bezuidenhoudt at avent.bezuidenhoudt@thefsegroup.com tel: 01276 608526.