Pictured from left to right are Alissia Deane of Mercia, Mike Bennett and Sebastian Francis of Titus Learning and David Wright of Mercia
A Yorkshire company which creates e-learning systems for clients in 23 countries is expanding further with the help of a six-figure sum from NPIF – Mercia Debt Finance, which is managed by Mercia as part of the Northern Powerhouse Investment Fund.
Titus Learning, which is based in Saltaire near Bradford, is planning to increase the size of its team by 50 per cent over the next two years with the creation of ten new jobs. Established in 2013 by Sebastian Francis and Michael Bennett who both have a background in the industry, the company provides tailored online learning platforms, allowing organisations to create training content, assess users, and report on their progress.
Clients include the restaurant chain Wasabi, the Royal College of Surgeons, British Weightlifting, Cambridge International Examinations, University College London and a number of international schools in Asia. The funding will allow Titus to hire additional developers, build its sales and marketing team, achieve the quality standard ISO 9001 and pursue further international expansion.
Sebastian Francis, co-founder, said: "We've been fortunate to experience great organic growth in the UK and overseas, however this investment will allow us to accelerate that. It will help us to expand sales, further develop our services for the corporate market to ensure we are providing the best possible online learning solutions, and recruit the best staff."
David Wright, Investment Manager with Mercia, added: “Titus Learning is a forward-thinking business with an impressive client base and a strong pipeline of new business. The funding will help the founders to expand the team, build their in-house capabilities and pursue their strategic goals.”
Grant Peggie, Director at British Business Bank, said: “This investment exemplifies the work that NPIF is doing across the North of England. By supporting businesses with the funds to recruit new staff and to expand into new premises, we are creating a growing regional economy for the future, and in turn helping to address the historic regional disparities between the North and the South.”
The Northern Powerhouse Investment Fund 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.