A Northumberland interior design specialist is set to expand into Yorkshire on the back of a £500,000 investment.
Inside Contracts focuses on transforming commercial spaces and creating luxury residential projects for a number of UK housebuilders. The firm has been based out of its 45,000 sqft headquarters in Prudhoe since 2017, where it operates four divisions focused on contract flooring, commercial flooring, interior design, and commercial cleaning.
Now the six-figure loan from NPIF – FW Capital Debt Finance, which is managed by FW Capital and is part of the Northern Powerhouse Investment Fund, is being used to help Inside Contracts Group’s expansion into Yorkshire, to service housebuilders in the region and support the creation of 37 new jobs in the area.
John Spreadbury, chief executive at Inside Contracts Group, said: “We are thrilled with the growth enjoyed by the business thanks to increased sales across our contract and commercial divisions. This success has led us to expand our services into Yorkshire. The investment from NPIF – FW Capital has been instrumental in helping us to bring our growth strategy to life and we’re looking forward to expanding our team and working with housebuilders and commercial clients across Yorkshire.”
Gordon Hodgson, managing director of the flooring division at Inside Contracts Group, said: ”I am delighted that the investment allows us to strengthen our presence in the Yorkshire and Teesside region. This will allow for further substantial growth in this region and cement our partnerships with our builder clients. Our new facility will give us the opportunity to build and grow our team and we are very excited with this prospect.”
Alex Gent, senior investment executive from FW Capital, was introduced to the team by Steven Foley at financial consultancy CCBS.
She added: “Inside Contracts Group is a group of companies offering flooring, cleaning and interior design solutions to housebuilders with a focus on quality and right-first-time service. Their growth journey has now led them to move into the Yorkshire market which is a significant step forward for their future success. I am sure their services will be well received across the region.
“It’s great to be able to provide this funding to help John and his team realise their growth ambitions, and to support investment in the NPIF region. It was also a pleasure to work with Steven and the team at CCBS, who were instrumental in ensuring a smooth process and delivering a good outcome to the team at Inside Contracting.”
NPIF – FW Capital Debt Finance can provide loans in the NPIF region with a focus on Cumbria, Cheshire, Greater Manchester, Lancashire, Merseyside and the Tees Valley. The current NPIF investment phase has now completed with the British Business Bank launching the Northern Powerhouse Investment Fund II in March 2024.
Original artice – https://business-live.co.uk/all-about/yorkshire-humber