Send us your pictures, video, news and views by texting NORTHERN ECHO to 80360 or email us
Training firm targets new markets
AN AMBITIOUS North-East training business is eyeing opportunities for growth after bringing a new six-figure investment into the business.
TDB Training delivers training courses which are primarily aimed at helping young people and jobseekers into work.
TDB opened a second office in Manchester earlier this year to capitalise on new opportunities with clients in the North West, and has just opened a further site in Middlesbrough.
The firm's expansion plans are being backed by a £100,000 investment from the Finance For Business North East Growth Fund, which is administered by regional fund management firm NEL Fund Managers.
Three new staff have recently been recruited on the back of growing client demand, to take the total number of company employees to 24, and several more are expected to join before the end of the year.
Originally set up in 2001 by experience trainer Tracy Blades as a deliverer of fork lift truck training to businesses in the North-East, TDB Training provides apprenticeships in construction, business administration, and warehousing & storage on behalf of a number of public bodies, as well as NVQ training under the Work Placed Learning initiative and skills support training in partnership with several higher education institutions.
It has traditionally focussed on sectors such as construction, warehousing, logistics and distribution, but is now also looking at new opportunities in the security industry, on the back of the training required by security staff to obtain their Security Industry Association (SIA) accreditation.
David Thomas, investment executive at NEL Fund Managers, adds: “The TDB management team has built a successful business on the back of understanding their clients’ training needs and successfully delivering tailored services which meet them.
“They have a clear vision for the future of the company, and now have the resources they need to execute their development plans.”
Aimed at regional businesses which are at a development and growth stage, the Growth Fund forms part of the wider Finance for Business North East Fund.
Managed by North East Finance, it will see £125m of investment capital injected into the region by the European Investment Bank and the European Regional Development Fund 2007-13 over a five year period.
NEL is looking to make around 130 investments over the five-year life span of the Growth Fund, and is actively looking to speak to ambitious north east companies with robust business plans.
For more information about NEL’s investment criteria, visit http://www.nel.co.uk/ or contact the investment team on 0845 111 1850.
The ERDF 2007-13 programme is bringing over £300m into the North-East to support innovation, enterprise and business support. It will help create and safeguard 28,000 new jobs, start 3,000 new businesses and increase the region’s productivity by £1.1bn per annum.
Comments are closed on this article.