A Teesside-based construction management firm has been enjoying fast growth after recording a nearly threefold increase in sales in the last two financial years and expanding its skilled workforce from four to 31 at over 11 UK sites.
Stockton-on-Tees headquartered Wade Construction Management Consultants is focused on further growth after securing a six-figure investment from NPIF – FW Capital Debt Finance. This is managed by FW Capital and is part of the Northern Powerhouse Investment Fund.
The business is gearing up for a big recruitment push to support its rapid growth in the pharmaceutical and life science industries. Plans are also underway to launch Wade Academy, which will provide training and development to enhance the support provided to employees working in the construction sector and will help them to meet the industry standards of excellence. Managing director, Daniel Wade, launched Wade Construction Management Consultants in 2018 to remove the overspend risk that is associated with traditional methods of procurement. Wade Construction Management Consultants work with clients to produce an accurate costing projection, giving them a strategic and competitive advantage when tendering for projects.
Daniel Wade, Managing Director, Wade Construction Management Consultants explains: “We are incredibly proud of where Wade Construction Management Consultants is today - and very excited for where it can go next. With the investment from FW Capital we are going to be able to source and train an unique team, one that will continue to support the evolution of the construction industry.
The Wade Academy will eventually be rolled out beyond our internal teams to have a national presence as a not-for-profit organisation. Being able to consider opportunities like this is an incredible moment for me and for the company - our growth has been amazing, but I am also inspired to take the next step too. The support of the team at FW Capital has been fantastic, from our first engagement to the completion of the funding.”
Keith Charlton, Fund Manager at FW Capital said: “Daniel and his team have experienced impressive growth and this investment is helping assist further expansion and specifically focus on its recruitment drive and staff development which will also benefit the local community. The Wade Academy is a key part of the firm’s success story and future growth. With aspirations to make this a national training centre of excellence, the Wade Academy is an exciting development for the industry as a whole.”
Keira Shepperson at the British Business Bank said: “Wade Construction Management Consultants is a great example of the legacy impact NPIF investment can have in ambitious businesses. Not only has it set itself on a course for upwards growth trajectory, but it is contributing to the development of the next generation of construction consultants through its Wade Academy. It is impactful investments like this which the Northern Powerhouse Investment Fund strives for; investments which make a difference to the business and to the regional economy, providing training, jobs, and boosting development.”
Wade Management Construction Consultants are key operators for construction management in the Pharmaceutical and Life Science sectors. They work to close the gap between the creation of vital medicines and delivery to the service users by facilitating effective, strategic and professional project management.
NPIF – FW Capital Debt Finance is managed by FW Capital and part of the Northern Powerhouse Investment Fund. It can provide loans in the NPIF region with a focus on Tees Valley, Cheshire, Cumbria, Greater Manchester, Lancashire and Merseyside.
The Northern Powerhouse Investment Fund project is supported financially by the European Union using funding from the European Regional Development Fund (ERDF) as part of the European Structural and Investment Funds Growth Programme 2014-2020 and the European Investment Bank.