A Birmingham based specialist distributor of cable management systems is preparing to grow its workforce after securing a £200,000 funding package.
DP Building Systems, based In Perry Barr in Birmingham secured £200,000 in funding from business investment specialists UKSE to invest in new technology and create additional jobs.
Established in 1998, DP Building Systems are a family-owned business who distribute specialist cable and power management systems to the building, construction, mechanical, engineering, IT, and data industries.
Funding will allow the business to digitise their internal systems with the implementation of a CRM system and create additional 10 job roles including technical sales, distribution, warehousing and apprenticeships.
UKSE provides finance of up to £1m to support local businesses in the West Midlands area. UKSE’s equity finance package leaves the management team in control, patient capital from a supportive partner.
Rather than obtain funding from mainstream lenders, DP Building Systems was introduced to UKSE by Birmingham based Central Business Finance.
Central Business Finance are commercial finance brokers based in St Pauls Square, Birmingham – helping SME’s of all sizes with a full range of commercial finance products and grant funding.
DP Building Systems Managing Director Rob White said: “After securing the funding from UKSE, we will be able to invest in our IT systems to support the growth of the business.
“We have won some prestigious contracts recently and the funding will support the recruitment of additional 10 job roles, including the investment in apprenticeships.”
UKSE Regional Executive Mike Lowe commented: “Rob and the team at DP Building Systems have been a pleasure to work with. They have some exciting new contracts on the horizon and we are thrilled that the UKSE funding will facilitate the growth of the business.”
UKSE Area Manager Steve Grice added: “At UKSE our aim is to support businesses to grow, innovate and create job opportunities. Over the last 12 months we have helped fund new equipment, technology and infrastructure which has led to the retention and creation of jobs in the region.”
Central Business Finance Director Steve Harris added: “I’m delighted to have been able to help DP Building Systems source suitable finance. This is exactly where we can add value to a business, and it’s been a pleasure to work with Rob and Gary to secure the loan.”
Established in 1975, UKSE is a wholly owned subsidiary of Tata Steel UK Limited with a mission to enable and encourage businesses and the people behind them to create jobs, grow and prosper, within communities affected by current or historic changes in the steel industry and its jobs.
UKSE can also provide up to £200k in loan finance, without the need for company or personal security.
To date, UKSE has invested over £115m, supporting 8,000 businesses, stimulating the creation of an estimated 83,000 new jobs.
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