Connectus Group to hire new staff after securing funding

Broadband provider Connectus Group has received £150,000 worth of funding.

The package, from FW Capital Debt Finance, managed by FW Capital and part of the Northern Powerhouse Investment Fund (NPIF), will fund a premises refurbishment, additional staff, and marketing and website development to support the further

expansion of the business.

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Connectus Group provides fibre optic broadband cabling and end user products including broadband, VOIP, mobile, telephony, data storage and CCTV. The company works with a host of blue-chip clients such as BT and Peel Holdings.

Doncaster-based Connectus Group achieved a turnover of £500,000 last year, and this is expected to rise to £1m in 2019. The company currently employs nine staff, with two more full-time roles being created by the end of this year.

Paul Ruocco, Connectus chairman, said: “Following our acquisition of Eximus Solutions Ltd at the beginning of the year we applied for funding from NPIF - FW Capital Debt Finance to be used to support the continued growth of the company and the further deployment of our full fibre network around Doncaster.

“We were delighted with the £150,000 investment from FW Capital it has been used to create five new full-time roles and the continued growth of the company.”

Grant Peggie, Director at British Business Bank, said: “This investment will allow Connectus a greater presence online and to recruit additional staff.”