Rotherham's Music Factory Entertainment Group has secured a £1m to drive growth.
The music and media company, known for its Jive Bunny & the Mastermixers pop group, has restructured on the back of the funding, creating a group of businesses including Music Factory Recordings which will continue to distribute is catalogue of 15,000 sound recordings, including number one singles.
The family firm is headed by founder John Pickles' son, Andy, who is joined in its management by sisters Alison and Helen. It recently relocated to a 2,500 sqft space at Tileyard North in Wakefield, becoming one of the scheme's first anchor tenants.
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Jive Bunny had three consecutive 海角视频 number one singles, 13 world-wide number one singles and a triple platinum album. The group’s music is still regularly streamed across platforms including You Tube and Spotify.
Andy Pickles said: “With Finance Yorkshire’s investment we can develop and grow our music catalogue in what is an exciting period for the music industry. The Jive Bunny brand is still going strong and we plan to optimise it across all platforms.
"We are very proud of what we have achieved by starting out in Rotherham and still being based in Yorkshire. For that reason, we were very attracted to work with Finance Yorkshire and its team.”
As well as Music Factory Recordings, the company has launched Pure Music GO to provide gym and fitness operators with music services. It also runs North Star 360, a training and development programme for young people keen to pursue careers in the music industry.
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Alex McWhirter, chief executive of Finance Yorkshire, said: "Music Factory is a well-established and successful company which has stayed true to its Yorkshire roots. We are delighted to support the business in the next phase of its growth and its leading role in the region’s music and creative industries. It is particularly pleasing to see its investment in young people’s education through North Star 360."
Finance Yorkshire’s growth fund is part of a wider regional business fund which is expected to provide more than £50m to SMEs over five years. Investment is also available from its seedcorn and business loans funds.