News

Springpod, the award-winning careers technology platform, has secured a second £650,000 loan from the Greater London Investment Fund (GLIF), managed by The FSE Group, to fuel its next phase of growth and innovation.

Springpod delivers a market-leading digital platform offering virtual work experience programmes, university subject tasters, apprenticeship pathways, and recruitment solutions. The company’s services, provided free to students aged 14–18, empower schools to meet the Gatsby Benchmarks and advance world-class career guidance across England.

Since The FSE Group’s initial investment in 2022, Springpod has more than doubled annual revenue and engaged over one million students in its programmes. The company has raised £5.3 million in new equity, expanded into the United States, and added high-profile clients such as Amazon, Barclays, and Network Rail. Springpod’s commitment to innovation has been recognised with industry awards, including Innovator of the Year and EdTech Innovation of the Year in 2024.

The latest funding supports strategic expansion through key hires in Greater London, targeted marketing, and continued development of Springpod’s platform. New AI tools will deliver tailored coaching programmes and interact in real time with students, helping to prepare them for real world situations in a safe environment and at their own pace.

Sam Hyams, CEO and Co-Founder of Springpod, commented: “Our mission is to democratise access to quality work experience and careers education. The FSE Group’s continued support enables us to scale our impact, enhance our product suite, and respond to the dynamic demands of the market. We are excited to accelerate our growth and deliver new solutions that empower the next generation.”

Stephen Mitchell, Investment Manager at The FSE Group, added: “Springpod has demonstrated impressive, continued growth and innovation since our original investment. Their team have also been focused on diversification of the client base, now delivering their valuable proposition to corporates and education partners in both the UK and USA. They are positioned well for continued expansion and we are delighted to continue supporting their growth journey.”

The UK market opportunity for Springpod is estimated at £1.1 billion annually, with digital transformation reshaping recruitment and education pathways. Springpod’s platform serves the entire student development journey and sits at the intersection of virtual work experience and university engagement.

With their marketing leading solutions and continued innovation, Springpod is poised to meet the increasing demand for scalable digital outreach to early-talent audiences.

Torbay-based QLM Technology, located at the EPIC Centre, has secured £1million in equity funding from the South West Investment Fund via appointed fund manager, The FSE Group.

The investment is part of a £3.5 million funding round to support the development and commercial scaling of QLM’s advanced methane monitoring technology.

Methane is a potent greenhouse gas, and the drive to reduce emissions is central to global climate targets. However, many leaks remain undetected or unquantified. With tightening international legislation requiring companies to monitor and report methane emissions, QLM says its breakthrough solution provides an essential tool for industry.

QLM’s innovative quantum lidar camera can see, locate and quantify methane at distance with high sensitivity, speed and accuracy. The company’s solution delivers autonomous, continuous, real-time monitoring at scale and low cost. The technology aims to help operators across oil and gas, utilities, wastewater, waste and biogas sectors to meet regulatory and environmental standards.

The new funding will support continued product development across software and industrial applications and will help expand QLM’s channel partnerships and market reach.

Paul Hughes, CEO of QLM, said: “We’re delighted to receive this investment from The FSE Group and the South West Investment Fund, which will help us accelerate development and expand deployment of our unique lidar-based methane detection systems. Our mission is to give operators the tools to detect and prevent methane emissions quickly, accurately and cost-effectively, helping to reduce one of the most harmful greenhouse gases and make real progress toward global net-zero goals.”

Ralph Singleton, FSE’s Head of Equity South West, added: “QLM has developed a world-class, IP-protected technology backed by a strong management team with deep industry experience. Their solution addresses a clear and growing global need, supported by legislation and increasing environmental accountability. We’re pleased to back a company that is not only commercially strong but also making a meaningful contribution to tackling climate change.”

 Paul Jones, Senior Investment Manager, from the British Business Bank said: added: “This investment in QLM Technology demonstrates how the South West Investment Fund is supporting the region’s most innovative businesses to grow and compete on the world stage. QLM’s cutting-edge methane detection technology has the potential to make a genuine impact in the fight against climate change, while creating skilled jobs and strengthening the South West’s position as a hub for clean-tech innovation.”

The purpose of the South West Investment Fund is to drive sustainable economic growth by supporting innovation and creating local opportunity for new and growing businesses across the South West. It offers a range of commercial finance options with smaller loans from £25k to £100k, debt finance from £100k to £2m and equity investment up to £5 million.

The fund is increasing the supply and diversity of early-stage finance for South West smaller businesses, providing funds to firms that might otherwise not receive investment and helping to break down barriers in access to finance.

Founded by a powered wheelchair user, Glasgow-based Freedom One Life is targeting new customers in the USA following a funding boost to support the overseas expansion of its manufacturing.

The business was born as a result of Alex Papanikolaou’s own experiences of using a powerchair, after being diagnosed cerebral palsy just a few weeks after birth and beginning to use a wheelchair at age 12. Feeling dissatisfied with every model he tried over the years, Alex founded Freedom One Life in 2013 and started developing designs for a better powered wheelchair option.

In recent years, the business has focused on exporting, with international customers now representing around 50% of sales. The distribution network currently includes partners in Germany, Portugal, Switzerland, Luxembourg and Norway, and it is actively seeking additional opportunities elsewhere in Europe and the USA.

Supporting the firm’s ambition to bring its flagship Series 5 model to even more wheelchair users across the globe, Freedom One Life recently secured a £500,000 loan through the British Business Bank’s Investment Fund for Scotland, delivered via The FSE Group.

An estimated 40% of the global market for powered wheelchairs is based in the USA, making it a key target for Freedom One Life. The business is also investing in further research and development work to increase manufacturing capacity and lower the costs of production, making the chair more accessible to a wider range of users. The team will also be expanding as the company grows, and Freedom One Life will be looking to add even more lived experience to the design and marketing team.

Led by Alex, the company’s goal since launch has been to combine lived experience with industry-leading design, developing several prototypes and progressing to achieve medical device certification. The Series 5 model champions independence, giving users a mobility product that is comfortable, compact, and reliable, enabling users to live the life they choose without the constraints of inferior or unsuitable powerchairs and was road-tested over 40,000km in real-world conditions. Powerchair users fed into every stage of the design process, from concepts to testing.

Alex Papanikolaou said: “So many powerchairs are not fit for purpose, and our research showed that people were full of frustrations and disappointments after being forced to accept the industry standard. Freedom One Life was built upon the experiences of so many powerchair users – including myself – who deserve the best possible product to help them live their lives to the fullest.

“The Series 5 is now being used by over 100 people all over Europe, and we love being sent incredible stories and photos from our customers who are out and about doing new and wonderful things that they didn’t previously think were possible. Now, we are setting up to break into the USA and see it as a huge opportunity to bring the product to even more people who will see the benefits of a more resilient and comfortable powerchair.

“Being a disabled business founder has not been without challenges, but I am incredibly proud to represent the community and show that success and growth are possible, especially with the right support. The funding from the Investment Fund for Scotland will be critical as we head into this next chapter.”

Launched in October 2023, the £150 million Investment Fund for Scotland aims to improve access to finance and boost the Scottish economy, with loans from £25,000 to £2 million and equity investment up to £5 million available to help small and medium sized businesses to start up, scale up or stay ahead. The fund is part of the Bank’s commitment to fostering sustainable economic growth by supporting smaller businesses across Scotland.

Mark Sterritt, Director, Nations and Regions Funds, at the British Business Bank, said: “Alex’s story is truly inspiring and his passion for improving the lives of other power wheelchair users has led to an incredible journey so far of product development. The business is on the cusp of further growth and it is great to be able to offer support via the Investment Fund for Scotland to help the business reach the next stage. Addressing imbalances in access to finance is one of the key reasons the fund was set up, whether in terms of geographical regions or under-represented groups, including disabled founders like Alex.”

Jim Pritchard, Investment Manager at The FSE Group, added: “Working with Alex and the Freedom One Life team has been hugely inspiring. From our first meeting it was clear that this isn’t just a business, it’s a mission to transform the lives of powerchair users, built on Alex’s own lived experience and determination to create something better. Seeing how the Series 5 is already giving people more independence is incredibly powerful, and we’re excited that this funding will help bring that same freedom to even more users across the globe.”

'Tech-for-good' enterprise, The Kindness of Strangers Ltd, has secured a £250,000 loan from The British Business Bank’s South West Investment Fund via appointed fund manager, The FSE Group, to support the growth of the business.  

The Kindness of Strangers offers tailored, cost-effective fundraising solutions designed to level the playing field for smaller, volunteer-run non-profit organisations. By providing access to technology and guidance previously only affordable to larger charities, the business is helping to transform the fundraising landscape for grassroots causes. 

FSE has been working with The Kindness of Strangers since 2023 when it provided equity investment from the British Business Bank's Cornwall & Isles of Scilly Investment Fund. Since then, the business has completed the development of its platform for the Church of England, Cornerstone, which is now being used by over 1000 churches. It has also developed a platform with the Parish Giving Scheme, which is now ready to be rolled out as a white-label product to small charities across all sectors. 

Mathew Neville, CEO of The Kindness of Strangers, said: "This new funding is a vital catalyst for our next phase of growth. It will enable us to expand our team and amplify our marketing efforts, ensuring that more small charities gain access to the technology and support they need. As a young business that has focused heavily on technology development, traditional high-street lending isn’t a viable option. This South West Investment Fund loan provides the crucial financial backing to accelerate our mission." 

Rob Ward, Investment Manager at The FSE Group, added: "The Kindness of Strangers has demonstrated impressive progress in developing platforms that truly address the needs of the non-profit sector. This loan will empower the business to scale its operations, strengthen internal capacity, and fully capitalise on the exciting opportunities ahead. We’re proud to support a company that is making technology accessible to smaller charities and helping them thrive." 

Paul Jones, Senior Investment Manager, from the British Business Bank said: "This £250,000 South West Investment Fund loan, building on earlier support via our Cornwall & Isles of Scilly Investment Fund, will help The Kindness of Strangers scale a platform that has harnessed technology to provide smaller non-profits with the tools they need to fundraise effectively. That in turn can help these charities have a hugely positive impact on their communities." 

In 2023, the global charity software market was valued at approximately USD 4.6 billion, with forecasts suggesting it could nearly double to USD 9.8 billion by 20321. This growth reflects a wider shift across the non-profit sector, where organisations are embracing digital tools to improve transparency, efficiency, and engagement. As the non-profit sector continues to expand its reach and impact, the need for scalable, tech-driven infrastructure is seen as increasingly vital, driving sustained demand for charity software worldwide. 

The purpose of the South West Investment Fund is to drive sustainable economic growth by supporting innovation and creating local opportunity for new and growing businesses across the South West. It offers a range of commercial finance options with smaller loans from £25k to £100k, debt finance from £100k to £2m and equity investment up to £5 million. 

The fund is increasing the supply and diversity of early-stage finance for South West smaller businesses, providing funds to firms that might otherwise not receive investment and helping to break down barriers in access to finance. 

Cornish-based independent production company Bosena has secured a six-figure loan from the British Business Bank’s South West Investment Fund, via appointed fund manager The FSE Group, to support the continued growth of its portfolio of high-end TV and film projects. 

Bosena’s latest film, ROSE OF NEVADA, which premiered at the Venice International Film Festival and stars BAFTA nominees George MacKay (1917) and Callum Turner (Masters of the Air), has been garnering 5-star reviews with a 100% rating on Rotten Tomatoes. 

The FSE Group has been working with Bosena since 2021, previously providing funding from the British Business Bank's Cornwall & Isles of Scilly Investment Fund. Since then, the company has grown significantly, forging key relationships with industry leaders including Film4 and the British Film Institute (BFI), both of whom continue to back Bosena’s creative vision.  

The latest funding will support key growth activities, including website and product development, staff expansion, and broader strategic investment to enable the business to capitalise on its recent success. 

“We’re incredibly grateful for the continued support from The FSE Group,” said Denzil Monk, CEO of Bosena. “This South West Investment Fund loan will allow us to strengthen our core team and infrastructure so that we can deliver ambitious, larger-scale projects with confidence. We’re proud to create work that reflects Cornwall’s unique cultural landscape while engaging with global audiences on the most urgent and relevant issues of our time.” 

Hannah Sprague, Investment Manager at The FSE Group, commented: “Denzil and the Bosena team have demonstrated a compelling combination of creative excellence and commercial acumen. Their clear vision, proven track record, and growing pipeline of high-end TV projects make this a very exciting business to support. We’re delighted to continue our partnership as they scale the business.” 

Paul Jones, Senior Investment Manager, from the British Business Bank said: "Having previously backed Bosena through one of our inaugural regional funds, we're pleased to see our South West Investment Fund support them on their continued growth journey. The business is attracting top-class talent to produce award-winning content for a global marketplace, and this new investment will allow them to build on that success." 

According to the BFI1, the UK’s independent film and high-end TV production sector is experiencing a period of dynamic growth, playing a major role in fuelling creative diversity and innovation. With global streamers, broadcasters, and public funders seeking distinctive voices and untold stories, companies like Bosena – rooted in local culture but with international relevance – are seen as well-placed to seize this expanding market opportunity.  

As Bosena looks ahead to delivering new projects through 2025/26 and beyond, the company says it will continue to invest in platforming underrepresented stories and voices. Its award-winning work in both English and the Cornish language is increasingly drawing attention from global audiences and collaborators, further cementing Cornwall’s reputation as a centre for world-class screen content. 

The purpose of the South West Investment Fund is to drive sustainable economic growth by supporting innovation and creating local opportunity for new and growing businesses across the South West. It offers a range of commercial finance options with smaller loans from £25k to £100k, debt finance from £100k to £2m and equity investment up to £5 million. 

The fund is increasing the supply and diversity of early-stage finance for South West smaller businesses, providing funds to firms that might otherwise not receive investment and helping to break down barriers in access to finance.