Member Article

Grimsby training provider obtains bank funding for growth

SVT Ltd, a Grimsby-based training provider has secured HSBC funding to develop its business plan and company projections.

SVT specialises in health and safety, management and health and social care qualifications and Sean Maloney from 360 Chartered Accountants worked closely alongside the firm to secure the funding.

SVT Ltd will use the investment to enhance its new distance learning qualifications and its digital platform to allow candidates access to their course details on a number of interfaces.

The funding will also support SVT’s candidate credit facility for those who prefer to pay for their course in instalments.

Mike Watson, Chairman of SVT Ltd said: “We developed our business plan and funding application with 360 to ensure that the process was professional and successful.

“We’re delighted with the outcome and the funds will massively contribute to the direction and growth of our business throughout the next five years.”

Sean Maloney, 360 Chartered Accountants, said: “Mike’s ability to convey the vision for the company was essential in allowing us to produce the plan to demonstrate this to the bank.”

360 Chartered Accountants has been offering forward-thinking services to many businesses since it was founded by Andy Steele in 2010, including a 360 free downloadable app, which provides various accountancy tips, trackers and calculators as well as a New Business Kit, for those looking to set up their own company.

This was posted in Bdaily's Members' News section by Clare Burnett .