Node Technologies secured a six-figure loan from the Northern Powerhouse Investment Fund to support national growth requirements.
"Having demonstrated the usefulness of our product through the success of the Spinningfields and Windmill Green sites, it’s clear that there will be real desire for Node from landlords across the country. Our innovative solution to problems that many multi-occupancy buildings experience with internet connectivity and choice of provider make this technology a really exciting prospect that drastically improves efficiency and cost savings."
The Manchester based technology firm has secured debt funding to boost cashflow ahead of major commercial deals.
"Securing this funding will play a key role in our expansion plans, providing us with the financial freedom to develop our tech platforms and target future partnerships. We have seen considerable interest for our ‘Digital Twin’ technology from across the manufacturing and engineering sectors, and with the ongoing support of both NPIF and GC Business Finance, we’re confident that we are in an excellent position to maximise our potential."
The funding from the Development Bank of Wales will support new retail outlets and a manufacturing hub in North Wales.
"I started the business in 2009 after studying in Bologna and was amazed by the passion and creativity of the gelato chefs. It’s amazing what you can do with a great imagination and an appreciative audience. Our main ice-cream production is carried out at the main trading premise in Beaumaris but as our loyal army of followers has grown and grown, we recognised the need to expand with more retail outlets and a larger production hub."
The Daresbury firm will use the debt finance from FW Capital to upgrade its facilities, expand 3D printing capabilities and strengthen marketing.
"We’re at a really interesting point in the business where we’re ready to take the next step in our journey, exploring new customers, markets and developing new products. In order to do this we need to have the right infrastructure, people and marketing in place to ensure we can communicate our vision effectively and deliver our promise. This fantastic funding boost from FW Capital will undoubtedly help us achieve this."
