Doncaster business secures Finance Yorkshire investment
A newly-launched security business has attracted £100,000 investment from Finance Yorkshire to build 20 CCTV towers.
Doncaster based 8 Point 8 Vanguard Ltd was launched earlier this year as a sister company to 8 Point 8 Support Ltd, a company in the telecoms and renewable energy sectors.
The £100,000 business loan from Finance Yorkshire is supporting the construction of 20 CCTV tower units which will enable 8 Point 8 Vanguard Ltd to manage site security and project management remotely.
Keith Summerill, the company’s finance director, said: “The tower units are taken to a site and left in place to allow us and the client to remotely monitor and manage the site operations. The units can remain on site for up to four months powered by their own source which is silent, and eco-friendly. Whilst on site they can also provide overnight security, which is also essential.”
8 Point 8 Vanguard Ltd employs 10 people and provides a range of services including the provision of site monitoring units, van fit-outs for companies who require their fleet vehicles to have bespoke requirements for the work they are involved in, and the installation of intruder, fire, door entry and computer network systems to businesses that require them.
8 Point 8 Vanguard Ltd recently won a contract with Doncaster Robin Hood Airport to extend its monitoring systems. “In just a few months we have grown the business and see further potential particularly in our site management offer to clients,” added Keith.
8 Point 8 Support Ltd – which employs 200 people – has national and international clients across a range of sectors including telecoms, construction and civil engineering and has also benefitted in the past from a Finance Yorkshire loan.
Melanie Reynolds, portfolio executive at Finance Yorkshire, said: “8 Point 8 Vanguard Ltd is led by an experienced management team with strong knowledge of the security sector. Our investment is supporting their on site management services which have the potential to attract new clients, thereby further growing the business and creating jobs in the Yorkshire region.”
Since its inception, Finance Yorkshire has invested in more than 460 companies, enabling those businesses to increase their turnover by a collective £377 million and attract a further £273 million from private sector sources. Finance Yorkshire investment has helped those SMEs to create and safeguard more than 12,200 jobs in the region.
Finance Yorkshire provides seedcorn, loan and equity linked investments, ranging from £15,000 to £2m to help a range of small and medium sized businesses to meet their funding requirements for growth and development.
The project is supported financially by the European Union. It has attracted investment from the European Regional Development Fund (ERDF), as part of Europe’s support for the region’s economic development through the Yorkshire and Humber ERDF Programme, UK Government and the European Investment Bank. Finance Yorkshire is also supported by the Regional Growth Fund.
For more information about Finance Yorkshire, please visit www.finance-yorkshire.com or call 0300 030 6060.
Note: this news article is from Finance Yorkshire’s previous fund. Read more about Finance Yorkshire