A Sheffield company which provides CCTV and security systems to hundreds of industrial and commercial sites throughout the UK has secured £150,000 funding to help it expand from NPIF – Enterprise Ventures Debt Finance part of the Northern Powerhouse Investment Fund.
Vision CCTV Ltd specialises in the design, installation and maintenance of CCTV, monitoring and access control systems. Its systems protect many of the country’s major landfill and recycling sites, brick factories, oil refineries and student accommodation blocks, and are used by manufacturers such as Premier Foods and Quorn Foods. It will use the funding to invest in further equipment for rental and to create a new design studio.
Vision CCTV employs seven staff in Sheffield and works with a network of subcontractors nationally. Tim Ralston, who took over the business in 2007, said: “CCTV systems play an important role in ensuring site security, process management and health and safety at commercial sites. Most of our systems are now provided on a rental basis, which allows our clients to keep up to date with changes in technology. The funding will enable us to expand our stock of equipment and provide additional working capital to meet the growth in demand.”
Phil Cooper, Investment Manager with Enterprise Ventures, part of Mercia Technologies, said: “Vision CCTV is a good example of a small independent business which has established a track record for customer service and is successfully competing with the big players in the market. The funding will allow it to continue its expansion.”
Grant Peggie, Director at British Business Bank, said: “We are pleased that NPIF through Enterprise Ventures have provided Vision CCTV with the support it needs to pursue its vision for growth. As evidenced by this deal, Sheffield City Region has a strong presence of ambitious businesses and with the continued help from our fund managers, we are excited to see what other opportunities NPIF can bring for other small and medium sized businesses in the region.”
The Northern Powerhouse Investment Fund (NPIF) project is supported financially by the European Union using funding from the European Regional Development Fund (ERDF) as part of the European Structural and Investment Funds Growth Programme 2014-2020 and the European Investment Bank.