Northern Powerhouse Minister Jake Berry visits Huddersfield software firm
A software and technology firm in Huddersfield has secured a £500,000 investment from the Government’s Northern Powerhouse Investment Fund.
Northern Powerhouse Minister Jake Berry visited Adventoris at the 3M Buckley Innovation Centre in Firth Street on Tuesday.
The minister was joined by Grant Peggie, director of venture capital solutions at the British Business Bank, and Prof Bob Cryan, vice-chancellor at the University of Huddersfield, to mark a special milestone.
Since its launch the fund has invested £60 million in small and medium-sized businesses in deals attracting an additional £40 million in private sector investment.
More than 300 investments have been made in a variety of companies across the North.
Mr Berry said: “The Northern Powerhouse Investment Fund has achieved truly remarkable things in a very short space of time.
“As we reach the £100m milestone, we’re hearing from Northern innovators, creators and entrepreneurs who have used these investments to create jobs, up-skill their workforces and rapidly expand their businesses.
“It’s testament to what can be achieved when the Government works hand-in-hand with the private and public sectors to make the Northern Powerhouse one of the most business-friendly regions in the UK.”
Adventoris was set up in 2012 by Huddersfield entrepreneur James Clarkson and blue-chip system architect Aman Shergill.
The company set out to devise innovative and competitive platforms to enable businesses to increase sales, reduce costs and provide enhanced customer service.
It developed SwiftCloud, a B2B mobile app which allows customers to see products, communicate with the company and make orders 24/7.
Adventoris recently became the preferred mobile software provider for a wholesale group with a £5.7 billion turnover and 140 members. They have also recently partnered up with multiple other software businesses that now sell SwiftCloud to their own client bases and work with multi-national giants, such as Bidfood (formerly 3663), Pipers Crisps, Hagen, BAKO and Meyer.
A spokesman for the company said: “Adventoris will be using the investment to help support our rapid growth.
“We’re now winning a new client on average almost once a week, and all together our clients have a turnover of £1.7 billion, therefore we must continue to expand the business to keep up.”
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.