Tuesday 21 February 2017
Activ is very excited to announce the news, we have secured £500k funding from FW Capital to aid our future growth plans after being advised by Newcastle law firm Muckle LLP and business advisors UNW.
Ian Gillespie, Managing Director at Activ, commented: “The funding comes at a positive time for the business and will play a key role in our future growth plans.”
In the upcoming months, the Activ team will be growing both in members and operations, planning to recruit a total of 16 new employees as we target expansion beyond the region into the North West and Cumbria.
Kevin Maloney, a partner in the banking team at Muckle, added: “We’re pleased to have advised Activ Technology on the completion of this deal which will support its future expansion. We knew the transaction had to be completed promptly and by working closely with Activ, UNW and FW Capital we were able to finalise the legal documentation on time for our client.”
John Healey, a corporate finance partner at UNW, said it was “great” that local funds are being focused on providing growth capital to North East businesses.
We are thrilled, and can’t wait to see what this year will bring for the whole of Activ!