Yorkshire e-learning firm to double workforce after securing six-figure funding
A Yorkshire company specialising in e-learning systems has secured backing from NPIF - Mercia Debt Finance to grow its team by 50 per cent.
Titus Learning, which is based in Saltaire near Bradford, is planning to create 10 new jobs over the next two months as a result of the funding, which is managed by Mercia as part of the Northern Powerhouse Investment Fund.
Founded in 2013 by Sebastian Francis and Michael Bennett, Titus Learning has grown to work with a range of clients including restaurant chain Wasabi, the Royal College of Surgeons, British Weightlifting, Cambridge International Examinations, University College London and a number of international schools in Asia.
Sebastian Francis, Titus Learning co-founder, explained: “We’ve been fortunate to experience great organic growth in the UK and overseas, however this investment will allow us to accelerate that.
“[The investment] will help us to expand sales, further develop our services for the corporate market to ensure we are providing the best possible online learning solutions, and recruit the best staff.”
Commenting on the funding, David Wright, investment manager with Mercia, said: “Titus Learning is a forward-thinking business with an impressive client base and a strong pipeline of new business. The funding will help the founders to expand the team, build their in-house capabilities and pursue their strategic goals.”
Grant Peggie, director at British Business Bank, added: “This investment exemplifies the work that NPIF is doing across the North of England.
“By supporting businesses with the funds to recruit new staff and to expand into new premises, we are creating a growing regional economy for the future, and in turn helping to address the historic regional disparities between the North and the South.”
Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →
Enjoy the read? Get Bdaily delivered.
Sign up to receive our popular Yorkshire & The Humber morning email for free.