GemDT secures £100k debt finance from GC Business Finance to support airline partnerships
The Manchester based technology firm has secured debt funding to boost cashflow ahead of major commercial deals.
GemDT is a Manchester based digital technology company that provides inspection and data management solutions for manufacturing. It has developed a platform to support digital twin implementations across industrial sectors.
GemDT has secured £100k in debt finance from GC Business Finance via the Northern Powerhouse Investment Fund. The capital will be used to support cashflow as the firm prepares to finalise agreements with major UK airlines.
Based in Manchester, the business focuses on digital twin applications for manufacturing, combining inspection expertise with cloud data management. The company plans to deploy the fresh capital to advance its growth strategy and solidify upcoming industrial partnerships.
From the founder
"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."
Steve Evans
owner at GemDT
Investor perspective
"GemDT’s innovative ‘Digital Twin’ system has an enormous opportunity to disrupt many of our industrial sectors, providing manufacturers with a more time and cost-efficient way of developing products."
Andrew Nichols
Senior Loan Manager, GC Business Finance
Use of funds
- 01Scale operations