Tradespeople get a helping hand after Get Work secures £100k NPIF loan
28th January 2020
Lancashire-based Get Work, a service that generates local leads for tradespeople, has received a £100k loan from NPIF – BFS & MSIF Microfinance, a product managed by GC Business Finance & MSIF and part of the Northern Powerhouse Investment Fund (NPIF).
This follows the news that the firm has partnered with internet giant Google to provide a fully automated lead generation service for tradespeople. The partnership with Google will see both companies make further strides in helping tradespeople grow their businesses online.
Established in 2018, Get Work helps tradespeople grow their businesses by making online advertising more accessible. Customers, including electricians, joiners and landscapers, sign up online and Get Work’s fully automated platform takes care of everything for them; from the setup of a dedicated landing page, Google Ads account and call management, through to account optimisation and reporting.
Get Work will utilise the £100k loan to set up an office for the current five employees of the firm, with Get Work aiming to have a team of 16 by October 2021. The funding will also be used to improve its website and sign-up process, as well as increasing its marketing spend to encourage more tradespeople onto the platform.
Mark Gibbons, Senior Loan Manager at GC Business Finance, said:
“At GC Business Finance, we are passionate about helping growing businesses to really establish themselves in the market. Get Work has developed at an extraordinary pace in which we have been really impressed and its recent partnership with Google shows their credibility and growth potential. We fully believe in Get Work and their online platform and hope that with our funds they can scale up their operations and help even more tradespeople across the country.”
Nick Cole, Managing Director of Get Work, said:
“We are really proud of what we’ve achieved in such a short space of time. The funds from GC Business Finance and NPIF will help solidify our market position, improve our digital infrastructure and attract new tradespeople to join our platform. Although we are a relatively new business, our partnership with Google has proved that we are on the path to success and we are in a strong position to really accelerate the growth of Get Work.”
Get Work was referred to UCLAN Investment Readiness through Boost, Lancashire’s Growth Hub whose role is to direct growing Lancashire companies to the most suitable form of business support. UCLAN supported the company in securing the investment form Northern Powerhouse Investment Fund.
Chairman of the Lancashire Enterprise Partnership, Steve Fogg, said:
“It’s great to see NPIF supporting another Lancashire SME, this time in the key digital and creative sector. Access to finance can be crucial in helping SMEs grow and succeed. We’d like to see more Lancashire SMEs apply for NPIF support.
“NPIF investment could be a huge help to early stage innovative businesses through to manufacturing and creative and digital industries throughout the county. So if your SME has the potential to grow and needs funding, I would strongly encourage you to contact the NPIF and see what’s available.”
Sue Barnard, Senior Manager for British Business Bank, said:
“Historically, funding options for businesses in the North have been scarce, which has stifled growth and innovation in the region. NPIF is making real strides in reducing the regional funding gap between the North and the South, providing a variety of finance solutions that help businesses in the North realise their growth ambitions.”
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.
About Get Work:
Get Work’s mission is to help market and grow the UK’s most forward-thinking trade companies. They generate regular, qualified and exclusive leads for tradespeople; and provide a management platform to turn those leads into paying customers. Get Work’s service is currently available to 12 trade sectors on a subscription basis; roofing, joinery, plastering, rendering, building, loft conversions, electrical, landscaping, driveways, plumbing, heating and decorating.
Get Work Limited, incorporated in England & Wales, number 10914848 with offices at Jubilee House, East Beach, Lytham St Annes, FY8 5FT
About the Northern Powerhouse Investment Fund:
- The Northern Powerhouse Investment Fund will invest in Microfinance, Business Loans and Equity Finance sub-funds which will offer financing ranging from £25,000 to £2m, specifically to help small and medium sized businesses secure the funding they need for growth and development.
- The Northern Powerhouse Investment Fund is operated by British Business Financial Services Limited, wholly owned by British Business Bank, the UK’s national economic development bank. Established in November 2014, its mission is to make finance markets for smaller businesses work more effectively, enabling those businesses to prosper, grow and build UK economic activity,
- The Northern Powerhouse Investment Fund is supported by the European Regional Development Fund, the European Investment Bank, the Department for Business, Energy and Industrial Strategy and British Business Finance Limited, a British Business Bank group company.
- The NPIF covers the following LEP areas: Tees Valley Combined Authority, Greater Manchester, Cheshire and Warrington, Cumbria, Liverpool City Region, Lancashire, Humber, Leeds City Region, Sheffield City Region, York, North Yorkshire and East Riding
- The project is receiving up to £140,359,192 of funding from the England European Regional Development Fund as part of the European Structural and Investment Funds Growth Programme 2014-2020. The Department for Communities and Local Government is the Managing Authority for European Regional Development Fund. Established by the European Union, the European Regional Development Fund helps local areas stimulate their economic development by investing in projects which will support innovation, businesses, create jobs and local community regenerations. For more information visit https://www.gov.uk/european-growth-funding.
- The funds in which Northern Powerhouse Investment Fund invests are open to businesses with material operations, or planning to open material operations, in, Yorkshire and the Humber, the North West and Tees Valley.
- The British Business Bank has published the Business Finance Guide (in partnership with the ICAEW, and a further 21 business and finance organisations). The guide, which impartially sets out the range finance options available to businesses and provides links to support available at a regional level, is available at www.thebusinessfinanceguide.co.uk/bbb
About the British Business Bank:
The British Business Bank is the UK government’s economic development bank. Established in November 2014, its mission is to make finance markets for smaller businesses work more effectively, enabling those businesses to prosper, grow and build UK economic activity. Its remit is to design, deliver and efficiently manage UK-wide smaller business access to finance programmes for the UK government.
The British Business Bank programmes are supporting more than £7.0bn of finance to over 91,000 smaller businesses (as at end of June 2019).
As well as increasing both supply and diversity of finance for UK smaller businesses through its programmes, the Bank works to raise awareness of the finance options available to smaller businesses:
- The Business Finance Guide (published in partnership with the ICAEW and a further 21 business and finance organisations) impartially sets out the range of finance options available to businesses at all stages – from start-ups to SMEs and growing mid-sized companies. Businesses can take the interactive journey at www.thebusinessfinanceguide.co.uk/bbb.
- The new British Business Bank Finance Hub provides independent and impartial information to high-growth businesses about their finance options, featuring short films, expert guides, checklists and articles from finance providers to help make their application a success. The new site also features case studies and learnings from real businesses to guide businesses through the process of applying for growth finance.
As the holding company of the group operating under the trading name of British Business Bank, British Business Bank plc is wholly owned by HM Government and is not authorised or regulated by the Prudential Regulation Authority (PRA) or the Financial Conduct Authority (FCA). The British Business Bank operates under its own brand name through a number of subsidiaries, one of which is authorised and regulated by the FCA.
British Business Bank plc and its principal operating subsidiaries are not banking institutions and do not operate as such. A complete legal structure chart for British Business Bank plc and its subsidiaries can be found on the British Business Bank plc website.