A North East training company is aiming to scale up its business after securing a six-figure investment.
Positive Futures (NE) specialises in providing vocational training courses and qualifications to local authorities and colleges across the North East.
The Peterlee-headquartered firm is now looking to expand its business after securing a six-figure sum from the North East Growth Capital Fund, which is supported by the European Regional Development Fund.
Positive Futures launched in 2016 and is aiming to increase its revenue to more than £1m over the next five years. Along with an increase in income, it also plans to create new jobs.
Andrew McHale, operations director at Positive Futures, said: “Most of our work focuses on retraining and upskilling people who want to start work or return to the workplace, and while most of these learners are in the 19-25 age group, we are currently seeing a big rise in the number of people coming to us aged between 25 and 55 years.
“The technologies we use are central to the effective delivery of our services and investing in cloud-based systems will enable us to deliver more courses in community settings which are convenient for our learners, with tutors able to input data straight into our central systems from wherever they are.
“Winning additional business accreditations will enable us to compete for bigger contracts, which will be a major factor in achieving the ambitious growth targets that we have set ourselves for the next five years, and replicating the success we have enjoyed in the North East elsewhere in the 海角视频 is very much on our agenda.
“The flexibility of the NEL fund was a big attraction for us and the NEL team worked hard to support us as we progressed through the investment application process.”
Most Read
Positive Futures vocational qualifications include business and administration courses as well as customer service, health and social care, taxi driving training and team leadership. It also offers introductory courses on topics such as entrepreneurship, safeguarding, health and safety, disability awareness and food safety.
The North East Growth Capital Fund has been designed to create around 790 jobs in more than 70 companies across the North East. It offers unsecured investments of up to £500,000 to those looking to growth.
The fund is being managed by NEL Fund Managers and is part of the larger £120m North East Fund.
Jane Siddle, investment executive at NEL Fund Managers, said: “Positive Futures has established a very strong industry reputation for the impact of their training provision and now has the resources it needs to build on its achievements so far.”