Node Technologies secures £100k debt finance from Northern Powerhouse Investment Fund to scale operations.
Node Technologies secured a six-figure loan from the Northern Powerhouse Investment Fund to support national growth requirements.
Node Technologies provides fibre optic infrastructure solutions for multi-occupancy commercial buildings. The company enables flexible internet service provider connectivity and tenant choice through dedicated hardware modules.
Node Technologies has secured £100k in debt finance from Northern Powerhouse Investment Fund through GC Business Finance. The Manchester-based firm will direct the capital toward supporting its growth requirements and expanding operations.
The company provides a hardware solution allowing multiple internet service providers to connect clients within multi-occupancy commercial buildings. Its technology is currently deployed in several office developments, including Manchester locations such as No 1 Spinningfields and Windmill Green.
GC Business Finance senior loan manager Andy Nichols noted that the company is prepared for broader scale expansion. Sue Barnard of the British Business Bank added that the fund aims to support businesses capable of benefiting the regional and national economy.
From the founder
"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."
Doug Ward
Co-Founder at Node Technologies
Investor perspective
"Working with Node Technologies is an exciting prospect; the company has shown through limited initial release of its product that it is ready for expansion on a much larger scale, and we look forward to working with the firm to realise its potential. Internet connectivity and choice of ISP can be a major factor in productivity changes, and as such we see the sector and the new technology that Node has introduced as being vital to the economy of the country."
Andy Nichols
Senior Loan Manager, GC Business Finance
Use of funds
- 01Scale operations
- 02Invest in sales and marketing
Investors
Categories
About the company
Node Technologies
Node Technologies supplies fibre optic broadband infrastructure for commercial office buildings.