Tech firm set to expand after securing funding

A project management firm in Peterborough has secured £100,000 to expand the business.

Project and resource management specialist Projekt Rising, in Pembroke Grove, Glinton, has secured the funds from finance provider Growth Lending to develop its automation technology and grow the services it offers.

It comes as the firm, which works across marketing, creative and technology sectors, celebrates its fifth anniversary, during which, it has delivered more than 500 projects.

The funding is expected to help create several jobs with hopes to more than double the workforce during the next 12 months.

Chris Richardson, the operations director at Projekt Rising, said: “The Growth Lending team have been exceptional throughout the whole process, providing clear guidance on how the facility operates and the risks involved.

“We are really impressed at how quickly Growth Lending turn around our funding requests through its helpful system, giving us the confidence that funds will be available when we require them.”

Rob Adams, portfolio manager at Growth Lending, said: “This was a great opportunity to partner with an experienced, forward-thinking team and we are pleased that they chose Growth Lending to help fund and execute their ambitious growth plans.”

Growth Lending has chosentoworkwithProjektRising due to the firm’s experienced management team and strong revenue. Growth Lending is a leading provider of fast, flexible and tailored funding. It provided £64 million under the government CBILS initiative through the pandemic.

Rob Adams, portfolio manager at Growth Lending.