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Workforce

Region
North West
Type of finance
Loan
Business need
Growing a business
Size
SME
Investment
Over £500,000
Workforce

“The funding is vital to unlock our growth strategy. We will create a significant number of jobs and expect turnover to double to around £20m in the next two to three years.”

Simon Hayton, Chief Executive, Workforce

Workforce is a Bolton-based company which recruits highly skilled labour for industries including furniture, textiles, automotive and transport.

The company received £500,000 funding from NPIF – FW Capital Debt Finance, as part of the Northern Powerhouse Investment Fund to support its plans to open new markets in healthcare, construction and hospitality & leisure. The loan is enabling Workforce to hire additional staff and also to invest in a series of bespoke, multi-language jobsites, which will allow it to open up and control a variety of new candidate streams across the UK and Europe.

The first NPIF investment phase has now completed with the British Business Bank launching the Northern Powerhouse Investment Fund II in March 2024.