Reset eyes growth with Finance Yorkshire backing
Technology company Reset Certification Scheme is set for further growth after a significant number of organisations joined its competence management system in the health, education and construction sectors.
Reset enables organisations such as NHS trusts, universities and other public and private organisations to verify the competence of third party contractors working on site, ensuring health and safety is optimised.
Companies can use Reset to confirm contractors are competent and qualified to work on site, in compliance with Health and Safety Executive (HSE) and Construction and Design Management (CDM) regulations.
Finance Yorkshire provided £300,000 from its Seedcorn Fund which enabled Sheffield-based Reset to further develop and market its technology to a range of sectors which employ contractors on a regular basis such as construction, facilities management, health and education.
Finance Yorkshire’s investment activities have been extended in 2017 with a £5 million injection of new investment capital from Leeds City Region Enterprise Partnership (LEP) and Sheffield City Region LEP, supported by their respective combined authorities. This follows the full investment of Finance Yorkshire’s £113m fund in June this year, which continues to create a significant positive impact on the Yorkshire economy.
Employing 18 people, Reset’s technology is now used at over 200 NHS sites and several universities across the UK, in addition to many public and private sector businesses. Manchester Metropolitan University has also recently joined Reset.
Managing Director Gary Duce said: “There is a legal duty for organisations employing contractors to ensure they are competent to undertake the task in hand, before allowing them on site. Our technology not only helps organisations to do this quickly and easily, but also checks the contractor fully complies with specific requirements, such as public liability insurance, and keeps fully auditable records along the way.
“Finance Yorkshire’s investment supported us at an important time when we were gaining a foothold in the marketplace and needed to ramp up our marketing, sales and software development.”
Reset’s growth plans are further buoyed by a successful pilot scheme with ENGIE UK, part of a global facilities management business.
Gary added: “The pilot scheme with ENGIE UK will help accelerate our growth as well as generate wider awareness of the Reset brand. ENGIE UK is one of the largest employers in the UK and is a service provider at over 14,000 public and private sector sites.”
Emma Cross, investment executive at Finance Yorkshire, said: “Gary and his team have developed innovative technology and turned it into a product which provides organisations, contract companies and individual contractors with time-saving tools to prove competence and meet the necessary regulations.
“Our investment helped support Reset’s growth and the company has gone on to prove its potential with a substantial number of organisations joining the scheme.”
Note: this news article is from Finance Yorkshire’s previous fund. Read more about Finance Yorkshire